{"product_id":"robustness-lars-peter-hansen-9780691170978","title":"Robustness","description":"\u003cp\u003eThe standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted? \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics. \u003cp\u003e\u003c\/p\u003e Technical, rigorous, and self-contained, this book will be useful for macroeconomists who seek to improve the robustness of decision-making processes.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Lars Peter Hansen, Thomas J. Sargent\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691170975\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691170978\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/28\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 464\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.72lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 7.00w x 0.92d","brand":"Lars Peter Hansen","offers":[{"title":"Paperback","offer_id":43925625143551,"sku":"9780691170978","price":45.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_899c0752-0e70-4fba-a952-f1cd21849401.jpg?v=1681078381","url":"https:\/\/www.whiterainbookhouse.com\/products\/robustness-lars-peter-hansen-9780691170978","provider":"WR Book House","version":"1.0","type":"link"}