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Paperback Robustness Book

ISBN: 0691170975

ISBN13: 9780691170978

Robustness

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Format: Paperback

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$47.00
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Book Overview

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...

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