Optimal Bayesian Control of a Nonlinear Regression Process with Unknown Parameters

Kiefer, N., & Nyarko, Y. “Optimal Bayesian Control of a Nonlinear Regression Process with Unknown Parameters.” Modeling and Control of Systems, Lecture Notes in Control and Information Sciences, edited by Austin Blaquiére, Springer, Berlin, Heidelberg, 355-362, 1989.

Economic Agents operating in uncertain, stochastic environments can face a tradeoff between current period expected reward and accumulation of information of uncertain value.

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