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pro vyhledávání: '"Marco P. Tucci"'
Autor:
Marco P. Tucci, Hans M. Amman
Publikováno v:
Computational Economics, 56(3), 675-693. Springer Netherlands
In a previous paper Amman et al. (Macroecon Dyn, 2018) compare the two dominant approaches for solving models with optimal experimentation (also called active learning), i.e. the value function and the approximation method. By using the same model an
Autor:
Marco P. Tucci
Publikováno v:
Computational Economics. 58:279-309
By applying robust control, the decision maker wants to make good decisions when his model is only a good approximation of the true one. Such decisions are said to be robust to model misspecification. In this paper it is shown that, in many situation
Publikováno v:
Investment Management & Financial Innovations, Vol 10, Iss 2 (2013)
Externí odkaz:
https://doaj.org/article/feb31381789149769eb9904ee38b1125
Autor:
Hans M. Amman, Marco P. Tucci
Publikováno v:
Computational Economics, 56(3), 599-600. Springer Netherlands
Publikováno v:
Macroeconomic Dynamics, 24(5). Cambridge University Press
In the economics literature, there are two dominant approaches for solving models with optimal experimentation (also called active learning). The first approach is based on the value function and the second on an approximation method. In principle th
Publikováno v:
Automatica. 44:1504-1510
Currently, there is a renewed interest in the use of optimal experimentation (adaptive control) in economics. Example are found in [Amman, H. M. & Kendrick, D. A. (1999). Should macroeconomic policy makers consider parameter covariances. Computationa
Autor:
Marco P. Tucci
Publikováno v:
Computational Economics. 27:533-558
Robust control has been a very popular area of research in the last two decades. The goal of this paper is to investigate the assumptions implicit in the "nonprobabilistic nature" of the a priori information used to derive the linear-quadratic robust
Autor:
Marco P. Tucci
Publikováno v:
Journal of Economic Dynamics and Control. 26:1739-1764
One of the most cited examples in the literature on global optimization in econometrics is Maddala and Nelson's (Econometrica 42 (1974) 1013) attempt to maximize the likelihood function of a disequilibrium model. On p. 1026, they write “in ... all
Autor:
Marco P. Tucci
One of the major controversies in macroeconomics over the last 30 years has been that on the effectiveness of stabilization policies. However, this debate, between those who believe that this kind of policies is useless if not harmful and those who a