On the Convexity of the Value Function in Bayesian Optimal Control Problems.

B-Tier
Journal: Economic Theory
Year: 1994
Volume: 4
Issue: 2
Pages: 303-09

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I study the question on the convexity of the value function and Blackwell's (1951) Theorem and relate this to the uniqueness of optimal policies. The main results will conclude that strict convexity and a strict inequality in Blackwell's Theorem will hold if and only if from different priors different optimal actions may be chosen.

Technical Details

RePEc Handle
repec:spr:joecth:v:4:y:1994:i:2:p:303-09
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26