How Best to Flip-Flop if You Must: Integer Dynamic Stochastic Programming for Either-Or

Journal of Risk and Uncertainty

Volumn 15, Issue 3, 1997, Pages 183-190

  Samuelson, Paul A ^a  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

0 1 choice; Unfair bets; Worthwhile

Indexed keywords

EID: 0031504975     PISSN: 08955646     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007710023656     Document Type: Article

References (5)

1. Chow, Gregory. (1993). "Optimal Control without Solving the Bellman Equation," Journal of Economic Dynamics and Control 17, 621-30.
2. Dubbins, Lester E. and Leonard J. Savage. (1965). How to Gamble if You Must; Inequalities for Stochastic Processes. New York: McGraw-Hill.
3. Gollier, Christian. (1995). "Should Young People be Less Risk-Averse?" Paper in process, University of Toulouse, Toulouse, France.
4. Samuelson, Paul A. (1996). "The Irreducible Role of Derived Marginal Utility in Dynamic Stochastic Programming," Pacific Economic Review 1:1, 3-11.
5. Samuelson, Paul A. (1997). "Proof by Certainty Equivalents That Diversification-Across-Time Does Worse, Risk Corrected, Than Diversification-Throughout-Time," Journal of Risk and Uncertainty, 14:163-76.