✦ LIBER ✦

Optimum/near-optimum incentive policies for stochastic decision problems involving parametric uncertainty

✍ Scribed by Derya H. Cansever; Tamer Başar

Publisher: Elsevier Science
Year: 1985
Tongue: English
Weight: 828 KB
Volume: 21
Category: Article
ISSN: 0005-1098
DOI: 10.1016/0005-1098(85)90006-8

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✦ Synopsis

For a general class of stochastic incentive decision problems in which the leader (L) has access to the control value of the follower (F) and to private as well as common static information, there exists a smooth control policy for L which induces the desired behavior on F, even when F's objective function is parametrically uncertain to L.