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Adaptive Minimax-Regret Treatment Choice, With Application To Drug Approval

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NBER2007-08-01 更新2025-01-04 收录
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Suppose that there are two treatments for a condition. One is the status quo, whose properties are known from experience and the other is an innovation, whose properties are not known initially. A new cohort of persons presents itself each period and a planner must choose how to treat this cohort.

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2007-08-01
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