A General Solution for Linear Decision Rules: An Optimal Dynamic Strategy Applicable Under Uncertainty

Authors

George A. Hay, Cornell Law SchoolFollow
Charles C. Holt

Document Type

Article

Publication Date

3-1975

Keywords

Decision making, Z-transform, Linear decision analysis, Optimal decision rules, Optimal control rules

Disciplines

Econometrics | Economic Theory

Abstract

Linear decision rules for controlling complex systems are often obtained by matrix inversion, but transform methods offer an alternative approach that yields insights into the structure of the decision problem of maximizing expected payoffs under constraints.

Comments

Article predates the author's affiliation with Cornell Law School.

Recommended Citation

Hay, George A. and Holt, Charles C., "A General Solution for Linear Decision Rules: An Optimal Dynamic Strategy Applicable Under Uncertainty" (1975). Cornell Law Faculty Publications. 1162.
https://scholarship.law.cornell.edu/facpub/1162

Publication Citation

Published in: Econometrica, vol. 43, no. 2 (March 1975).