Material Detail

"The Variance Preservation Premium: Why Independent Sources of Novelty Can Increase Resilience Under Model Uncertainty" icon

The Variance Preservation Premium: Why Independent Sources of Novelty Can Increase Resilience Under Model Uncertainty

This independent technical and philosophical paper develops a conditional decision-theoretic account of the variance preservation premium: the expected net value of retaining differently structured and epistemically non-redundant sources under model uncertainty. It examines value of information, correlated-error reduction, novelty generation, robust decision-making, dynamic option value, irreversible source loss, substitution uncertainty,...

Show More

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Browse...

Disciplines with similar materials as The Variance Preservation Premium: Why Independent Sources of Novelty Can Increase Resilience Under Model Uncertainty

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.