Matches in SemOpenAlex for { <https://semopenalex.org/work/W3143206332> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W3143206332 abstract "The parameter values and assumptions of any economic model are subject to change and error. Sensitivity analysis (SA), broadly defined, is the investigation of these potential changes and errors and their impacts on conclusions to be drawn from the model. There is a very large literature on procedures and techniques for SA, but it includes almost nothing from economists. This paper is a selective review and overview of theoretical and methodological issues in SA. There are many possible uses of SA, described here within the categories of decision support, communication, increased understanding or quantification of the system, and model development. The paper focuses somewhat on decision support. It is argued that even the simplest approaches to SA can be theoretically respectable in decision support if they are applied and interpreted in a way consistent with Bayesian decision theory. This is not to say that SA results should be formally subjected to a Bayesian decision analysis, but that an understanding of Bayesian probability revision will help the modeller plan and interpret an SA. Many different approaches to SA are described, varying in the experimental design used and in the way results are processed. Possible overall strategies for conducting SA are suggested. It is proposed that when using SA for decision support, it can be very helpful to attempt to identify which of the following forms of recommendation is most appropriate: (a) do X, (b) do either X or Y depending on the circumstances, (c) do either X or Y, whichever you like, (d) if in doubt, do X. A system for reporting and discussing SA results is recommended. © 1997 Elsevier Science B.V. (This abstract was borrowed from another version of this item.)" @default.
- W3143206332 created "2021-04-13" @default.
- W3143206332 creator A5067078906 @default.
- W3143206332 date "1996-01-01" @default.
- W3143206332 modified "2023-09-23" @default.
- W3143206332 title "Sensitivity Analysis of Normative Economic Models: Theoretical Framework and Practical Strategies" @default.
- W3143206332 hasPublicationYear "1996" @default.
- W3143206332 type Work @default.
- W3143206332 sameAs 3143206332 @default.
- W3143206332 citedByCount "0" @default.
- W3143206332 crossrefType "posted-content" @default.
- W3143206332 hasAuthorship W3143206332A5067078906 @default.
- W3143206332 hasConcept C107327155 @default.
- W3143206332 hasConcept C107673813 @default.
- W3143206332 hasConcept C111472728 @default.
- W3143206332 hasConcept C112930515 @default.
- W3143206332 hasConcept C127413603 @default.
- W3143206332 hasConcept C138885662 @default.
- W3143206332 hasConcept C144237770 @default.
- W3143206332 hasConcept C154945302 @default.
- W3143206332 hasConcept C162324750 @default.
- W3143206332 hasConcept C175444787 @default.
- W3143206332 hasConcept C186116695 @default.
- W3143206332 hasConcept C21200559 @default.
- W3143206332 hasConcept C24326235 @default.
- W3143206332 hasConcept C28901747 @default.
- W3143206332 hasConcept C33923547 @default.
- W3143206332 hasConcept C41008148 @default.
- W3143206332 hasConcept C42475967 @default.
- W3143206332 hasConcept C44725695 @default.
- W3143206332 hasConcept C539667460 @default.
- W3143206332 hasConcept C71924100 @default.
- W3143206332 hasConceptScore W3143206332C107327155 @default.
- W3143206332 hasConceptScore W3143206332C107673813 @default.
- W3143206332 hasConceptScore W3143206332C111472728 @default.
- W3143206332 hasConceptScore W3143206332C112930515 @default.
- W3143206332 hasConceptScore W3143206332C127413603 @default.
- W3143206332 hasConceptScore W3143206332C138885662 @default.
- W3143206332 hasConceptScore W3143206332C144237770 @default.
- W3143206332 hasConceptScore W3143206332C154945302 @default.
- W3143206332 hasConceptScore W3143206332C162324750 @default.
- W3143206332 hasConceptScore W3143206332C175444787 @default.
- W3143206332 hasConceptScore W3143206332C186116695 @default.
- W3143206332 hasConceptScore W3143206332C21200559 @default.
- W3143206332 hasConceptScore W3143206332C24326235 @default.
- W3143206332 hasConceptScore W3143206332C28901747 @default.
- W3143206332 hasConceptScore W3143206332C33923547 @default.
- W3143206332 hasConceptScore W3143206332C41008148 @default.
- W3143206332 hasConceptScore W3143206332C42475967 @default.
- W3143206332 hasConceptScore W3143206332C44725695 @default.
- W3143206332 hasConceptScore W3143206332C539667460 @default.
- W3143206332 hasConceptScore W3143206332C71924100 @default.
- W3143206332 hasOpenAccess W3143206332 @default.
- W3143206332 hasRelatedWork W110081072 @default.
- W3143206332 hasRelatedWork W1975704676 @default.
- W3143206332 hasRelatedWork W2042053981 @default.
- W3143206332 hasRelatedWork W2049541373 @default.
- W3143206332 hasRelatedWork W2092609363 @default.
- W3143206332 hasRelatedWork W218079043 @default.
- W3143206332 hasRelatedWork W2186702340 @default.
- W3143206332 hasRelatedWork W2216971780 @default.
- W3143206332 hasRelatedWork W2320672968 @default.
- W3143206332 hasRelatedWork W2545366670 @default.
- W3143206332 hasRelatedWork W2612386028 @default.
- W3143206332 hasRelatedWork W2755429800 @default.
- W3143206332 hasRelatedWork W2896643739 @default.
- W3143206332 hasRelatedWork W3020821933 @default.
- W3143206332 hasRelatedWork W3124512718 @default.
- W3143206332 hasRelatedWork W3161632772 @default.
- W3143206332 hasRelatedWork W3207600330 @default.
- W3143206332 hasRelatedWork W2343285526 @default.
- W3143206332 hasRelatedWork W2549207529 @default.
- W3143206332 hasRelatedWork W345385409 @default.
- W3143206332 isParatext "false" @default.
- W3143206332 isRetracted "false" @default.
- W3143206332 magId "3143206332" @default.
- W3143206332 workType "article" @default.