Abstract
The main intention of this book is to develop simple dynamic models in which decision-makers, e.g. private investors or managers of firms, have to make sequential decisions under conditions of uncertainty. Sequential decision processes are the appropriate tool for the analysis of economic behaviour from a theoretical point of view and provide also a valid description of empirical decision-making.
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© 1988 Springer-Verlag Berlin Heidelberg
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Jammernegg, W. (1988). Introduction. In: Sequential Binary Investment Decisions. Lecture Notes in Economics and Mathematical Systems, vol 313. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46646-5_1
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DOI: https://doi.org/10.1007/978-3-642-46646-5_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-50034-6
Online ISBN: 978-3-642-46646-5
eBook Packages: Springer Book Archive