{ "cells": [ { "cell_type": "markdown", "metadata": {}, "source": [ "\n", "\n", "
[1] Because the decision maker believes that $ z_{k+1} $ is\n", "drawn from a mixture of two i.i.d. distributions, he does *not*\n", "believe that the sequence $ [z_{k+1}, z_{k+2}, \\ldots] $ is i.i.d.\n", "Instead, he believes that it is *exchangeable*. See [[Kre88]](../zreferences.html#kreps88)\n", "chapter 11, for a discussion of exchangeability." ] } ], "metadata": { "date": 1589496359.0123346, "download_nb": 1, "download_nb_path": "https://julia.quantecon.org/", "filename": "wald_friedman.rst", "filename_with_path": "dynamic_programming/wald_friedman", "kernelspec": { "display_name": "Julia 1.4.1", "language": "julia", "name": "julia-1.4" }, "language_info": { "file_extension": ".jl", "mimetype": "application/julia", "name": "julia", "version": "1.4.1" }, "title": "A Problem that Stumped Milton Friedman" }, "nbformat": 4, "nbformat_minor": 2 }