Abstract
In chapter 2, we introduced a general two-period decision problem. We saw what kind of structure such a model must have to be able to handle irreversibility and learning. We proved several results for the model, but we have not yet given a systematic treatment. As a first step towards such a systematic treatment, it is important to note what kind of cases can be distinguished within the framework of the general model of chapter 2.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1991 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Schmutzler, A. (1991). Determinants of the Optimal Choice in Sequential Decision Problems — The Two-Period Case. In: Flexibility and Adjustment to Information in Sequential Decision Problems. Lecture Notes in Economics and Mathematical Systems, vol 371. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-95671-3_4
Download citation
DOI: https://doi.org/10.1007/978-3-642-95671-3_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-54645-0
Online ISBN: 978-3-642-95671-3
eBook Packages: Springer Book Archive