Cho, In-Koo; Kasa, Kenneth - In: Journal of Economic Dynamics and Control 42 (2014) C, pp. 1-12
This paper studies the problem of an agent who wants to prevent the state from exceeding a critical threshold. Even though the agent is presumed to know the model, the optimal policy is computed by solving a conventional robust control problem. That is, robustness is induced here by objectives...
