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| #1759253 in eBooks | 2007-11-18 | 2007-11-18 | File type: PDF||| Lars Peter Hansen, Co-Winner of the 2013 Nobel Prize in Economics
"The book is self-contained and rigorous and may be interesting not only for macroeconomists who seek to improve the robustness of decision making process but also for contr
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...
You easily download any file type for your device.Robustness | Lars Peter Hansen. Just read it with an open mind because none of us really know.
