Lars Peter Hansen
Auteur de Robustness
A propos de l'auteur
Written by Lars Peter Hansen (Nobel Laureate in Economics, 2013) and Thomas Sargent (Nobel Laureate in Economics, 2011), Uncertainty within Economic Models includes articles adapting and applying robust control theory to problems in economics and finance. This book extends rational expectations afficher plus models by including agents who doubt their models and adopt precautionary decisions designed to protect themselves from adverse consequences of model misspecification. This behavior has consequences for what are ordinarily interpreted as market prices of risk, but big parts of which should actually be interpreted as market prices of model uncertainty. The chapters discuss ways of calibrating agents' fears of model misspecification in quantitative contexts. afficher moins
Œuvres de Lars Peter Hansen
Recursive Models of Dynamic Linear Economies (The Gorman Lectures in Economics) (2013) 12 exemplaires
Étiqueté
Partage des connaissances
- Organisations
- The Church of Jesus Christ of Latter-day Saints
Membres
Critiques
Statistiques
- Œuvres
- 4
- Membres
- 36
- Popularité
- #397,831
- Évaluation
- 2.5
- Critiques
- 1
- ISBN
- 15