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Statistical Theory

Douglas G. Steigerwald

Control problem

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Uncertainty And Policy Agressiveness, Douglas Steigerwald, Roger Craine Dec 1984

Uncertainty And Policy Agressiveness, Douglas Steigerwald, Roger Craine

Douglas G. Steigerwald

How should a decision maker proceed with uncertain knowledge of the decision outcome? We use the unknown coefficient control problem to shed light on the issue.

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