Bayesian Analysis and Uncertainty in Economic Theory

Front Cover
Rowman & Littlefield, 1987 - Business & Economics - 206 pages
0 Reviews
No descriptive material is available for this title.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
1
Bayesian Decision Theory
7
Behavioral and Control Theory of the Firm
27
Bayesian Analysis and Duopoly Theory
41
Multiperiod Decision Models with Alternating Choice as a Solution to the Duopoly Problem
57
Cooperation and Learning in a Duopoly Context
74
Interfirm Learning and the Kinked Demand Curve
93
Sequential Strategies in Dual Control Problems
109
Some Examples of Adaptive Utility
144
Sequential Investment Decisions
152
Capital Allocation within Firms
162
Rational Expectations
171
Epilogue
186
References
189
Author Index
199
Subject Index
203

Adaptive Utility
127

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »

About the author (1987)

Morris DeGroot (now deceased) was a great statistician and gentleman of the 20th Century. Says friend and coworker Joseph B. ("Jay") Kadane of DeGroot in the Foreword, "He was an institutional builder, as founder of the Statistics Department at Carnegie Mellon University and as first Executive Editor of Statistical Science. He was a wonderful colleague and friend, always ready for a chat about principles, a research problem, a departmental problem, a reference, or personal advice.

Bibliographic information