A value function arising in the economics of information

DOI10.1016/0165-1889(89)90018-3zbMath0671.90010OpenAlexW2060460255MaRDI QIDQ1119457

Nicholas M. Kiefer

Publication date: 1989

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(89)90018-3

zbMATH Keywords

fixed pointcontraction mappingoptimal policyoptimal accumulation of information

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (8)

On the complexity of linear quadratic control ⋮ Bayesian economists \dots Bayesian agents. An alternative approach to optimal learning ⋮ Experimentation with accumulation ⋮ Approximate policy optimization and adaptive control in regression models ⋮ Periodic learning about a hidden state variable ⋮ Learning and control in a changing economic environment. ⋮ Learning by doing and the value of optimal experimentation ⋮ Comparison of policy functions from the optimal learning and adaptive control frameworks

Cites Work

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• Controlling a Stochastic Process with Unknown Parameters
• On the Differentiability of the Value Function in Dynamic Models of Economics
• Econometrics and Decision Theory

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