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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Manski, Charles F. | en |
dc.date.accessioned | 2012-10-16T13:17:33Z | - |
dc.date.available | 2012-10-16T13:17:33Z | - |
dc.date.issued | 2008 | - |
dc.identifier.pi | doi:10.1920/wp.cem.2008.1008 | en |
dc.identifier.uri | http://hdl.handle.net/10419/64719 | - |
dc.description.abstract | This paper develops a broad theme about policy choice under ambiguity through study of a particular decision criterion. The broad theme is that, where feasible, choice between a status quo policy and an innovation is better framed as selection of a treatment allocation than as a binary decision. Study of the static minimax-regret criterion and its adaptive extension substantiate the theme. When the optimal policy is ambiguous, the static minimax-regret allocation always is fractional absent large fixed costs or deontological considerations. In dynamic choice problems, the adaptive minimax-regret criterion treats each cohort as well as possible, given the knowledge available at the time, and maximizes intertemporal learning about treatment response. | en |
dc.language.iso | eng | en |
dc.publisher | |aCentre for Microdata Methods and Practice (cemmap) |cLondon | en |
dc.relation.ispartofseries | |acemmap working paper |xCWP10/08 | en |
dc.subject.jel | D7 | en |
dc.subject.jel | H0 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Entscheidungstheorie | en |
dc.subject.stw | Politik | en |
dc.subject.stw | Präferenztheorie | en |
dc.title | Adaptive partial policy innovation: Coping with ambiguity through diversification | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 574281770 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:ifs:cemmap:10/08 | en |
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