Irreversible decisions under uncertainty [electronic resource] : optimal stopping made easy / Svetlana Boyarchenko, Sergei Levendorskiĭ

In real life, as well as in economic models, individuals often make decisions in an uncertain environment. In many cases, a problem which an optimizing agent faces can be formulated or reformulated as a problem of optimal timing of a certain irreversible or partially reversible action or optimal sto...

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Bibliographic Details

Online Access:	Full Text (via Springer)
Main Author:	Boyarchenko, Svetlana I.
Other Authors:	Levendorskiĭ, Serge, 1951-
Format:	Electronic eBook
Language:	English
Published:	Berlin ; New York : Springer, ©2007.
Series:	Studies in economic theory ; 27.
Subjects:	Optimal stopping (Mathematical statistics) Uncertainty.