Criterion Decomposition for the Myopic Sequential Control of Uncertain Systems

A method is proposed for the sequential updating of criterion functions on the basis of past reward observations in analogy to Bayes' rule for the updating of probability distribution functions.

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Year of publication:	1980-01-01
Authors:	Tesfatsion, Leigh S.
Institutions:	Department of Economics, Iowa State University
Subject:	criterion filtering \| adaptive control \| Bayes' rule

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Classification:	B4 - Economic Methodology ; C6 - Mathematical Methods and Programming ; D - Microeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004997746