On the convexity of the value function in Bayesian optimal control problems (Q1341493)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: On the convexity of the value function in Bayesian optimal control problems |
scientific article; zbMATH DE number 707347
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the convexity of the value function in Bayesian optimal control problems |
scientific article; zbMATH DE number 707347 |
Statements
On the convexity of the value function in Bayesian optimal control problems (English)
0 references
27 September 1995
0 references
The principal purpose of the paper is to give proofs accessible to economists of Blackwell's theorem from 1951. The author studies the convexity of the value function, Blackwell's theorem and relates this to the uniqueness of optimal policies. The strict convexity and the strict inequality in Blackwell's theorem hold if and only if from different priors, different optimal actions may be chosen.
0 references
Bayes' rule
0 references
Blackwell's theorem
0 references
convexity of the value function
0 references
uniqueness of optimal policies
0 references
0 references
0.8890164
0 references
0.8754587
0 references
0 references
0.8713104
0 references
0.86330795
0 references
