Recursive robust estimation and control without commitment /

In a Markov decision problem with hidden state variables, a posterior distribution serves as a state variable and Bayes' law under an approximating model gives its law of motion. A decision maker expresses fear that his model is misspeciØed by surrounding it with a set of alternatives that are...

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Bibliographic Details
Main Author: Hansen, Lars Peter
Other Authors: Sargent, Thomas J., 1943-
Format: Book
Language:English
Published: Frankfurt and Main : Deutsche Bundesbank, 2005
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 28/2005
Subjects: