Lars Peter Hansen, Co-Winner of the 2013 Nobel Prize in Economics "The book is self-contained and rigorous and may be interesting not only for macroeconomists who seek to improve the robustness of decision making process but also for control engineers interested in different applications of their professional abilities."--A. Swierniak, Zentralblatt MATH
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.
Versand:
EUR 27,00
Von Österreich nach USA
Anbieter: Antiquariat Deinbacher, Murstetten, Österreich
Gr.-8°, Hardcover/Pappeinband. 1.Auflage,. xiii, 435 Seiten Einband mit geringen Lagerspuren, innen sehr guter und sauberer Zustand 9780691114422 Sprache: Englisch Gewicht in Gramm: 1097. Artikel-Nr. 153838
Anzahl: 1 verfügbar
Anbieter: Anybook.com, Lincoln, Vereinigtes Königreich
Zustand: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. Dust jacket in good condition. Artikel-Nr. 9889374
Anzahl: 1 verfügbar