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the policy that maximizes robustness to unstructured uncertainty. …
Persistent link: https://www.econbiz.de/10009467771
robust. But robustness, in the sense of assurance against extreme outcomes, ordinarily is not the only desideratum in … the risk of a successful attack by inspecting more vessels, we show that robustness against the failure to guarantee a … minimum level of expected utility might not be monotonic. Robustness modeling based on expected utility and incorporating …
Persistent link: https://www.econbiz.de/10009467775
reveal about design robustness is demonstrated, and practical limitations to its use are revealed. Second, a new mathematical … technique is presented that expands capabilities for analyzing robustness to multiple info-gap uncertainties simultaneously. The …
Persistent link: https://www.econbiz.de/10009475956
A methodology for the conceptual design phase risk assessment of an aerospace system was proposed. The method was designed to examine political, social, and economic risk over a systems lifecycle through the use of future scenarios to bound uncertainty. A decision support framework was developed...
Persistent link: https://www.econbiz.de/10009475961
Often in the early stages of the engineering design process, a decision maker lacks the information needed to represent uncertainty in the input parameters of a performance model. In one particular form of severely deficient information, a nominal estimate is available for an input parameter,...
Persistent link: https://www.econbiz.de/10009476146
In this study, I investigate the robustness of the idiosyncratic volatility puzzle to the configuration of the research …
Persistent link: https://www.econbiz.de/10014528857
findings and propose a few robustness checks. Apart from two regression outputs for which the signs and significance do not …
Persistent link: https://www.econbiz.de/10014532303
We propose a framework for estimation and inference when the model may be misspecified. We rely on a local asymptotic approach where the degree of misspecification is indexed by the sample size. We construct estimators whose mean squared error is minimax in a neighborhood of the reference model,...
Persistent link: https://www.econbiz.de/10014536882
We study contracting when both principal and agent have to exert noncontractible effort for production to take place. An analyst is uncertain about what actions are available and evaluates a contract by the expected payoffs it guarantees to each party in spite of the surrounding uncertainty....
Persistent link: https://www.econbiz.de/10014537015
robustness under risk aversion and ambiguity aversion. We aim to understand the potential consequences of deeply uncertain … chain-level coordination of downstream firm sourcing decisions can qualitatively improve the robustness of the entire supply …
Persistent link: https://www.econbiz.de/10014550277