Abstract
In our presentation we shall analyse the results of a small experiment with human policy-makers (PMs) conducted within the framework of a macro-economic policy-making problem. The purpose of the experiment was to test the practical applicability of two interactive methods for solving multiple-criteria, dynamic optimization problems. The methods differ, in particular, in the way the number of effective variables is reduced for the man-machine dialogue and in the organization of this dialogue. Interviews of the participants were used to assess the relative and absolute value of both methods as a practical help in macroeconomic policy-making.
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Deissenberg, C. (1983). Interactive Solution of Multiple Objective, Dynamic, Macroeconomic Stabilization Problems: A Comparative Study. In: Gruber, J. (eds) Econometric Decision Models. Lecture Notes in Economics and Mathematical Systems, vol 208. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46464-5_17
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DOI: https://doi.org/10.1007/978-3-642-46464-5_17
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