Journal articles
Convergence in a sequential two stage decision making process
Abstract : We analyze a sequential decision making process, in which at each step the decision is made in two stages. In the first stage a partially optimal action is chosen, which allows the decision maker to learn how to improve it under the new environment. We show how inertia (cost of changing) may lead the process to converge to a routine where no further changes are made. We illustrate our scheme with some economic models.
https://hal-amu.archives-ouvertes.fr/hal-01690175
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Tuesday, February 1, 2022 - 6:33:27 PM
Last modification on : Wednesday, February 2, 2022 - 9:51:08 AM
Long-term archiving on: : Tuesday, May 3, 2022 - 8:41:25 AM
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Tuesday, February 1, 2022 - 6:33:27 PM
Last modification on : Wednesday, February 2, 2022 - 9:51:08 AM
Long-term archiving on: : Tuesday, May 3, 2022 - 8:41:25 AM
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