Optimal learning with costly adjustment

DOI10.1007/BF01211786MaRDI QIDQ1904629zbMATH OpenOpenAlexFDO

Authors Mark Feldman, Michael Spagat

Publication date 8 February 1996

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01211786

zbMATH Keywords

infinite-horizon Bayesian learningstochastic limit belief

Mathematics Subject Classification ID

Decision theory (91B06) Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40) Memory and learning in psychology (91E40)

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• Optimal Control of an Unknown Linear Process with Learning
• Optimal Learning by Experimentation
• Optimal learning with costly adjustment
• Switching Costs and the Gittins Index

Cited in

(8)

• Optimal investment in learning-curve technologies
• Linear learning in changing environments
• Generalized Bandit Problems
• Optimal search with learning
• Learning and control in a changing economic environment.
• Optimal learning with costly adjustment
• Adjustment costs from environmental change
• Switching cost models as hypothesis tests

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