Sequential decisions under uncertainty and the maximum theorem Export

@article{citeulike:3854845, abstract = {For sequential decision problems in which the decision-maker observes a process of state variables and chooses an adapted process of action variables, the paper defines a topology on the space of measures of processes of state variables which ensures the applicability of Berge's maximum theorem to the decision-maker's optimal behavior. The topology controls for the information available to the decision-maker at each decision date. The paper also discusses the implications of the analysis for the dynamic-programming approach to sequential decision-making under uncertainty, and for equilibrium existence proof strategies in sequential-market models and games.}, author = {Hellwig, M.}, citeulike-article-id = {3854845}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/0304-4068(95)00739-3}, citeulike-linkout-1 = {http://linkinghub.elsevier.com/retrieve/pii/0304-4068(95)00739-3}, doi = {10.1016/0304-4068(95)00739-3}, issn = {03044068}, journal = {Journal of Mathematical Economics}, keywords = {seqdecision}, number = {4}, pages = {443--464}, posted-at = {2009-01-06 16:31:18}, priority = {2}, title = {Sequential decisions under uncertainty and the maximum theorem}, url = {http://dx.doi.org/10.1016/0304-4068(95)00739-3}, volume = {25}, year = {1996} }

TY - JOUR ID - citeulike:3854845 L3 - citeulike-article-id:3854845 N2 - For sequential decision problems in which the decision-maker observes a process of state variables and chooses an adapted process of action variables, the paper defines a topology on the space of measures of processes of state variables which ensures the applicability of Berge's maximum theorem to the decision-maker's optimal behavior. The topology controls for the information available to the decision-maker at each decision date. The paper also discusses the implications of the analysis for the dynamic-programming approach to sequential decision-making under uncertainty, and for equilibrium existence proof strategies in sequential-market models and games. IS - 4 JF - Journal of Mathematical Economics SN - 03044068 EP - 464 TI - Sequential decisions under uncertainty and the maximum theorem VL - 25 SP - 443 KW - seqdecision AU - Hellwig, M PY - 1996/// UR - http://dx.doi.org/10.1016/0304-4068(95)00739-3 ER -