Titlebook: Information and Efficiency in Economic Decision; Jati K. Sengupta Book 1985 Martinus Nijhoff Publishers, Dordrecht 1985 Stochastic Optimiz

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Stochastic optimization in linear economic models function .(.?..) defined as a scalar convex function of the deviations of. from.. Some conventional loss functions used in economics and other applied decision models are quadratic as a sum ∑.,. of squared errors ∈. =..?.. or linear as a sum ∑|∈.| of absolute deviations. These functions are symmetr

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Optimal portfolio investment in a dynamic horizonlead to a static mean-variance formulation of the standard portfolio model. Besides, they do not analyze specifically for the investor dealing in. risky assets such decision problems as risk-sensitivity, the length of the planning horizon.

mettlesome

Short-term industry output behavior: an econometric analysishowing the effects of cyclical fluctuations and capacity variations. The recursive approach [20] considers however a specific form of the simultaneous equations model containing the endogenous variables: output, inventory and unfilled orders such that the interdependence between the three LDR for ou

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Multivariate risk aversion with applications. over. where. is the expectation operator over the nondegenerate distribution of the random variable. or, of. given.. If these expectations are finite, then the certainty equivalent (CE) of the lottery is defined by an amount. such that . i.e. the DM is in different between thelottery and the amoun

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Uncertainty and economic planning: a selective survey and appraisalh may impede the cooperative framework of the solution. In a noncooperative game-theoretic framework, the need for building consistency in the set of strategies pursued by different players is all the greater in an environment, where the risk perceptions are different for different players.