Robust Control and Model Uncertainty

Lars Hansen and Thomas Sargent

Chapter 5 in Uncertainty within Economic Models, 2014, pp 145-154 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionA Benchmark Resource Allocation ProblemModel MisspecificationTwo Robust Control ProblemsRecursivity of the Multiplier FormulationTwo Preference OrderingsRecursivity of the Preference OrderingsConcluding Remarks

Keywords: Uncertainty; Economic Models; Econometrics; Dynamic Programming; Macroeconomics; Robustness; Robust Control Theory; Agents; Market Prices; Model Misspecification (search for similar items in EconPapers)
Date: 2014
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Journal Article: Robust Control and Model Uncertainty (2001)
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