Robustness
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Google books | books.google.com |
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Originally published | 2008 |
Authors | Thomas J. Sargent |
Lars Peter Hansen | |
Date of Reg. | |
Date of Upd. | |
ID | 2370033 |
About 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. . . .