Hansen, Lars Peter; Sargent, Thomas J - World Scientific Publishing Co. Pte. Ltd.
precautionary decisions designed to protect themselves from adverse consequences of model misspecification. This behavior has … market prices of model uncertainty. The chapters discuss ways of calibrating agents' fears of model misspecification in …, Prices of Risk, and Model Detection</li> <li>Robust Control and Model Uncertainty</li> <li>Robust Control and Model …