Risk, uncertainty, and complexity

DOI10.1016/0165-1889(94)90077-9MaRDI QIDQ1309846zbMATH OpenOpenAlexFDO

Authors Alfred Norman, David W. Shimer

Publication date 2 January 1994

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1889(94)90077-9

zbMATH Keywords

Bayesian statisticscomplexity theoryconsolidationriskspecializationuncertainty

Mathematics Subject Classification ID

Stochastic programming (90C15) Applications of mathematical programming (90C90) Decision theory (91B06) Economic growth models (91B62)

Recommendations

• Knightian decision theory. I.
• R for risk. Uncertainty and probability
• A Bayesian model of Knightian uncertainty
• Information-gap decision theory. Decisions under severe uncertainty
• Stochastic optimization and uncertainty: an example

Cites work

• A Theory of Monetary Exchange
• Alternative Theoretical Frameworks for Finite Horizon Discrete-Time Stochastic Optimal Control
• Controlling a Stochastic Process with Unknown Parameters
• Discounted Dynamic Programming
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• Knightian decision theory. I.
• Linear Quadratic Control Theory for Models with Long Lags
• On the complexity of linear quadratic control
• Optimization of stochastic systems. Topics in discrete-time systems
• Symbolic integration
• The complexity of dynamic programming
• The optimal reward operator in dynamic programming

Cited in

(5)

• Computability, complexity and economics
• Risk analysis and decision theory: a bridge
• Knightian decision theory. I.
• R for risk. Uncertainty and probability
• Uncertainty and Risk

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