IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-27732-8_2.html
   My bibliography  Save this book chapter

A First Look: Stylized Example

In: Info-Gap Economics

Author

Listed:
  • Yakov Ben-Haim

    (The Technion)

Abstract

A very simplistic example gives a preliminary feel for info-gap analysis: how it is done, what one can learn, and how it supports decision making. The system and uncertainty models and the satisficing and windfalling performance requirements are formulated. The robustness function is derived, the robust-satisficing decision strategy is discussed, and three properties are studied: trade-off between robustness and performance, zeroing of the robustness at the anticipated outcome, and crossing of robustness curves leading to reversal of preferences between alternative actions. The opportuneness function is formulated and derived, and how it supplements the robustness function is demonstrated. The opportune-windfalling decision strategy is discussed.

Suggested Citation

  • Yakov Ben-Haim, 2010. "A First Look: Stylized Example," Palgrave Macmillan Books, in: Info-Gap Economics, chapter 0, pages 15-25, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-27732-8_2
    DOI: 10.1057/9780230277328_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-27732-8_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.