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Pitfalls of a minimax approach to model uncertainty

Article Abstract:

A macroeconomics model for determining uncertainty in economic decision-making is presented.

Author: Sims, Christopher A.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001

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Robust control and model uncertainty

Article Abstract:

Economic models are presented for the decision making process in judging economic risk.

Author: Hansen, Lars Peter, Sargent, Thomas J.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
Macroeconomics

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Sharing ambiguity

Article Abstract:

A economic model for factoring ambiguity in consumer consumption is presented.

Author: Epstein, Larry G.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
Consumption (Economics), Ambiguity

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Subjects list: Research, Decision-making, Models, Decision making, United States, Economic aspects, Risk (Economics), Economic research, Economists, Robust statistics, Robustness (Statistics), Uncertainty
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