Optimal experimentation and the perturbation method in the neighborhood of the augmented linear regulator problem

摘要: Abstract The perturbation method is used to approximate optimal experimentation problems. approximation in the neighborhood of linear regulator (LR) problem. first order decision under a combination LR solution and term that captures impact uncertainty on agent's value function. An algorithm developed companion paper quickly implement this procedure computer. As result, an decisions can be quantified estimated for large class problems encountered economics.