Tesfatsion, Leigh

Proceedings of the 13th Annual Asilomar Conference on Circuits, Systems, and Computers, (1980): 475-478.

A method is proposed for the sequential updating of criterion functions on the basis of past reward observations in analogy to Bayes' rule for the updating of probability distribution functions. 

JEL Classification: B4, C6, D

Keywords: criterion filtering, adaptive control, Bayes' rule