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Item Details
Title: ROBUSTNESS
By: Lars Peter Hansen, Thomas J. Sargent
Format: Paperback

List price: £40.00
Our price: £32.00
Discount:
20% off
You save: £8.00
ISBN 10: 0691170975
ISBN 13: 9780691170978
Availability: Usually dispatched within 1-3 weeks.
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Stock: Currently 0 available
Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 17 June, 2016
Pages: 464
Synopsis: 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 adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.
Publication: US
Imprint: Princeton University Press
Prizes: Joint winner of Co-Winner of the 2013 Nobel Prize in Economics 2013
Returns: Returnable
Some other items by this author:
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ADVANCES IN ECONOMICS AND ECONOMETRICS (PB)
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BOUNDED RATIONALITY IN MACROECONOMICS (PB)
DYNAMIC MACROECONOMIC THEORY (HB)
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ECONOMETRIC EVALUATION OF ASSET PRICING MODELS
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS
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ECONOMETRIC EVALUATION OF ASSET PRICING MODELS
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS (HB)
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS (HB)
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS (HB)
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS (HB)
ECONOMETRIC EVALUATION OF ASSET PRICING MODELS (PB)
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ENERGY, FORESIGHT AND STRATEGY
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ENERGY, FORESIGHT AND STRATEGY (PB)
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EXERCISES IN DYNAMIC MACROECONOMIC THEORY (PB)
FINITE SAMPLE PROPERTIES OF SOME ALTERNA (HB)
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FINITE SAMPLE PROPERTIES OF SOME ALTERNA (PB)
FINITE SAMPLE PROPERTIES OF SOME ALTERNATIVE GMM ESTIMATORS
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FINITE SAMPLE PROPERTIES OF SOME ALTERNATIVE GMM ESTIMATORS (HB)
FINITE SAMPLE PROPERTIES OF SOME ALTERNATIVE GMM ESTIMATORS (PB)
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RECURSIVE MODELS OF DYNAMIC LINEAR ECONOMIES
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ROBUSTNESS
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THE CONQUEST OF AMERICAN INFLATION (HB)
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