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Optimal Stabilization Policy in the Presence of Learning by Doing

✍ Scribed by Philippe Martin; Carol Ann Rogers


Book ID
108512696
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
263 KB
Volume
2
Category
Article
ISSN
1097-3923

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πŸ“œ SIMILAR VOLUMES


Learning by doing and the value of optim
✍ Volker Wieland πŸ“‚ Article πŸ“… 2000 πŸ› Elsevier Science 🌐 English βš– 316 KB

Recent research on learning by doing has provided the limit properties of beliefs and actions for a class of learning problems, in which experimentation is an important aspect of optimal decision making. However, under these conditions the optimal policy cannot be derived analytically, because Bayes