Models of Economic Systems: A Theory for Their Development and Use

by Arnold H. Packer

Unlike statistical decision theory, adaptive modeling makes full use of the decision maker's knowledge of a given system to reduce the number of investigated alternatives. This book at once introduces the entire area of adaptive modeling and precisely defines a new decision-making procedure for developing and using models of large, complex socioeconomic systems. It draws on material from a number of fields and may be used by people with disciplinary...

• Format: Hardcover
• Language: English
• ISBN: 0262160528
• ISBN13: 9780262160520
• Release Date: February 1972
• Publisher: MIT Press (MA)
• Length: 304 Pages