Econometrica Vol. 40 No. 6 1972
The Multi-Period Control Problem Under Uncertainty
Abstract
[The multi-period control problem analyzed assumes the data are generated by the simple regression model with an unknown slope coefficient. There is a tradeoff between stabilization and experimentation to learn more about the unknown coefficient. When parameter uncertainty is large, experimentation becomes an important consideration.]
- DOI
- 10.2307/1913854
- Volume
- 40
- Issue
- 6
- Pages
- 1043
- Sources
- bibtex:phds-export.bib crossref openalex