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The book explores the challenges faced by decision makers when they cannot fully trust their statistical models in uncertain situations. It questions the conventional approach of relying solely on these models and examines alternative strategies for making decisions. By addressing the limitations of standard decision-making theories, the author provides insights into navigating uncertainty, emphasizing the importance of critical thinking and adaptability in the face of unreliable data.
Zakup książki
Robustness, Lars Peter Hansen, Thomas J. Sargent
- Język
- Rok wydania
- 2016
- Oprawa
- (miękka)
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- Tytuł
- Robustness
- Język
- angielski
- Autorzy
- Lars Peter Hansen, Thomas J. Sargent
- Wydawca
- Princeton University Press
- Rok wydania
- 2016
- Oprawa
- miękka
- Liczba stron
- 454
- ISBN13
- 9780691170978
- Seria
- Tagi
- Biznes
- Opis
- The book explores the challenges faced by decision makers when they cannot fully trust their statistical models in uncertain situations. It questions the conventional approach of relying solely on these models and examines alternative strategies for making decisions. By addressing the limitations of standard decision-making theories, the author provides insights into navigating uncertainty, emphasizing the importance of critical thinking and adaptability in the face of unreliable data.