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...

"Making Better Decisions introduces readers to some of the principal aspects of decision theory, and examines how these might lead us to make better decisions.[bullet] Introduces readers to key aspects of decision theory and examines how they might help us make better decisions[bullet]...

Whether we like it or not we all feel that the world is uncertain. From choosing a new technology to selecting a job, we rarely know in advance what outcome will result from our decisions. Unfortunately, the standard theory of choice under uncertainty developed in the early forties and fifties...

Der Band enthält die wichtigsten Beiträge des Autors zur Theorie rationaler politischer Akteure. Ihr Grundthema betrifft die Möglichkeiten des Umgangs mit Unsicherheit, sei es im Bemühen um konsequenzenbedachte Entscheidungen, sei es im Wege der Organisationsgestaltung. Die einzelnen Kapitel...