maximizes robustness and satisfices the performance. The former strategy is min-maxing and the latter strategy is robust …

uncertainty. We show that such information-gap robustness is a proxy for probability of policy success. Hence, policies that are …

uncertainty. We show that such information-gap robustness is a proxy for probability of policy success. Hence, policies that are …

uncertain. There is a trade-off between robustness of policies and their performance. Hence, under uncertainty, the policy maker … higher robustness can be achieved by overstating challenges to the economy and understating the abilities to meet them. How … much to overstate the challenges or understate the abilities depends on the robustness sought. Robustness is achieved by …

uncertain. There is a trade-off between robustness of policies and their performance. Hence, under uncertainty, the policy maker … robustness can be achieved by overstating challenges to the economy and understating the abilities to meet them. How much to … overstate the challenges or understate the abilities depends on the robustness sought. Robustness is achieved by lowering one …

for robustness. In this context, a robust (worst-case oriented) delegation strategy is intended to minimize the maximum …