Robustness:
The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Princeton, N.J.
Princeton University Press
[2011]
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| Edition: | Course Book |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes |
| Item Description: | Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 30, 2016) |
| Physical Description: | 1 online resource |
| ISBN: | 9781400829385 |
| DOI: | 10.1515/9781400829385 |
Staff View
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Record in the Search Index
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| author | Hansen, Lars Peter |
| author_facet | Hansen, Lars Peter |
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| id | DE-604.BV044344141 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:50:20Z |
| institution | BVB |
| isbn | 9781400829385 |
| language | English |
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| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | Princeton University Press |
| record_format | marc |
| spelling | Hansen, Lars Peter Verfasser aut Robustness Lars Peter Hansen, Thomas J. Sargent Course Book Princeton, N.J. Princeton University Press [2011] © 2008 1 online resource txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 30, 2016) The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes In English Mathematisches Modell Wirtschaft Economics Mathematical models Macroeconomics Decision making Macroeconomics Makroökonomie (DE-588)4037174-8 gnd rswk-swf Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd rswk-swf Ökonometrisches Modell (DE-588)4043212-9 gnd rswk-swf Entscheidungstheorie (DE-588)4138606-1 gnd rswk-swf Kontrolltheorie (DE-588)4032317-1 gnd rswk-swf Robuste Kontrolle (DE-588)4232797-0 gnd rswk-swf Makroökonomie (DE-588)4037174-8 s Ökonometrisches Modell (DE-588)4043212-9 s Entscheidung bei Unsicherheit (DE-588)4070864-0 s Kontrolltheorie (DE-588)4032317-1 s Robuste Kontrolle (DE-588)4232797-0 s 1\p DE-604 Entscheidungstheorie (DE-588)4138606-1 s 2\p DE-604 Sargent, Thomas J. Sonstige oth Erscheint auch als Druck-Ausgabe 9780691170978 https://doi.org/10.1515/9781400829385 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Hansen, Lars Peter Robustness Mathematisches Modell Wirtschaft Economics Mathematical models Macroeconomics Decision making Macroeconomics Makroökonomie (DE-588)4037174-8 gnd Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Entscheidungstheorie (DE-588)4138606-1 gnd Kontrolltheorie (DE-588)4032317-1 gnd Robuste Kontrolle (DE-588)4232797-0 gnd |
| subject_GND | (DE-588)4037174-8 (DE-588)4070864-0 (DE-588)4043212-9 (DE-588)4138606-1 (DE-588)4032317-1 (DE-588)4232797-0 |
| title | Robustness |
| title_auth | Robustness |
| title_exact_search | Robustness |
| title_full | Robustness Lars Peter Hansen, Thomas J. Sargent |
| title_fullStr | Robustness Lars Peter Hansen, Thomas J. Sargent |
| title_full_unstemmed | Robustness Lars Peter Hansen, Thomas J. Sargent |
| title_short | Robustness |
| title_sort | robustness |
| topic | Mathematisches Modell Wirtschaft Economics Mathematical models Macroeconomics Decision making Macroeconomics Makroökonomie (DE-588)4037174-8 gnd Entscheidung bei Unsicherheit (DE-588)4070864-0 gnd Ökonometrisches Modell (DE-588)4043212-9 gnd Entscheidungstheorie (DE-588)4138606-1 gnd Kontrolltheorie (DE-588)4032317-1 gnd Robuste Kontrolle (DE-588)4232797-0 gnd |
| topic_facet | Mathematisches Modell Wirtschaft Economics Mathematical models Macroeconomics Decision making Macroeconomics Makroökonomie Entscheidung bei Unsicherheit Ökonometrisches Modell Entscheidungstheorie Kontrolltheorie Robuste Kontrolle |
| url | https://doi.org/10.1515/9781400829385 |
| work_keys_str_mv | AT hansenlarspeter robustness AT sargentthomasj robustness |