We formulate an optimal estimation process in a stochastic growth model with an unknown true probability model. We consider a general reduced model of capital accumulation with an infinite horizon and introduce a learning process in the stochastic dynamic programming. When the only available...

We investigate the existence of consistent rules for the resolution of conflicting claims that generalize the Talmud rule but do not necessarily satisfy equal treatment of equal. The first approach we follow starts from the description of the Talmud rule in the two-claimant case as...