Recursive Robust Estimation and Control Without Commitment

56 Pages Posted: 8 Jun 2016

See all articles by Lars Peter Hansen

Lars Peter Hansen

University of Chicago - Department of Economics; National Bureau of Economic Research (NBER)

Thomas J. Sargent

New York University (NYU) - Department of Economics, Leonard N. Stern School of Business; National Bureau of Economic Research (NBER)

Date Written: 2005

Abstract

In a Markov decision problem with hidden state variables, a posterior distribution

Suggested Citation

Hansen, Lars Peter and Sargent, Thomas J., Recursive Robust Estimation and Control Without Commitment (2005). Bundesbank Series 1 Discussion Paper No. 2005,28, Available at SSRN: https://ssrn.com/abstract=2785211 or http://dx.doi.org/10.2139/ssrn.2785211

Lars Peter Hansen (Contact Author)

University of Chicago - Department of Economics ( email )

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Thomas J. Sargent

New York University (NYU) - Department of Economics, Leonard N. Stern School of Business ( email )

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National Bureau of Economic Research (NBER)

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