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On Adaptive Programming

Author

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  • Jacob Marschak

    (University of California, Los Angeles)

Abstract

In general, it is non-optimal to estimate, on the basis of past experience and as a basis for present action, an a posteriori statistical parameter other than the optimal action itself.

Suggested Citation

  • Jacob Marschak, 1963. "On Adaptive Programming," Management Science, INFORMS, vol. 9(4), pages 517-526, July.
    • Handle: RePEc:inm:ormnsc:v:9:y:1963:i:4:p:517-526
    DOI: 10.1287/mnsc.9.4.517
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    Cited by:

    1. Richard H. Day & Inderjit Singh, 1975. "A Dynamic Model of Regional Agricultural Development," International Regional Science Review, , vol. 1(1), pages 27-48, April.
    2. J. C. Moore & H. Raghav Rao & A. B. Whinston, 1997. "Experimental Strategies for Preference Information Acquisition: A Lattice Path Treatment," Group Decision and Negotiation, Springer, vol. 6(2), pages 139-158, March.

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