Showing 1 - 10 of 81
Persistent link: https://www.econbiz.de/10003335321
Persistent link: https://www.econbiz.de/10011326677
history-dependent component to prices of risk. …
Persistent link: https://www.econbiz.de/10011719071
Persistent link: https://www.econbiz.de/10003335327
The authors adapt modern control theoretic techniques based on robust control theory to economic modelling and decision making. The main motivation behind the proposed approach is that concern about model misspecification in economics leads to decision strategies that work over the set of nearby...
Persistent link: https://www.econbiz.de/10003539380
Persistent link: https://www.econbiz.de/10008934677
state. A risk sensitivity operator induces robustness to perturbations of the approximating model conditioned on the hidden … state. Another risk sensitivity operator induces robustness to the prior distribution over the hidden state. We use these …
Persistent link: https://www.econbiz.de/10003114291
Persistent link: https://www.econbiz.de/10001585027
Persistent link: https://www.econbiz.de/10012991214
Persistent link: https://www.econbiz.de/10013193315