Search Results for: Optimal Control Expectations And Uncertainty

An examination of how the rational expectations revolution and game theory have enhanced the understanding of how an economy functions.

This book introduces the theory and applications of uncertain optimal control, and establishes two types of models including expected value uncertain optimal co

Support for addressing the on-going global changes needs solutions for new scientific problems which in turn require new concepts and tools. A key issue concern

This book is focused on the recent developments on problems of probability model uncertainty by using the notion of nonlinear expectations and, in particular, s

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