Statistics Papers

Document Type

Journal Article

Date of this Version

10-1999

Publication Source

Games and Economic Behavior

Volume

29

Issue

1-2

Start Page

7

Last Page

35

DOI

10.1006/game.1999.0740

Abstract

At each point in time a decision maker must make a decision. The payoff in a period from the decision made depends on the decision as well as on the state of the world that obtains at that time. The difficulty is that the decision must be made in advance of any knowledge, even probabilistic, about which state of the world will obtain. A range of problems from a variety of disciplines can be framed in this way. In this paper we survey the main results obtained, as well as some of their applications.

Copyright/Permission Statement

© 1999. This manuscript version is made available under the CC-BY-NC-ND 4.0 license.

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Date Posted: 27 November 2017

This document has been peer reviewed.