BAYES DECISION RULE - A rule that states the strategy chosen from those available is that for which the...
BB - The two-character ISO 3166 country code for BARBADOS.
decision rule: Either (1) a function that maps from the current state to the agent's decision or choice or (2) a mapping from the expressed preferences of each of a group of agents to a group decision.
An investment decision rule in which the cash flows are discounted at an
interest rate and the payback rule is applied on these discounted cash flows.
Evaluation period
The time interval over which a money manager's performance is evaluated.
1"Given that the structure of an econometric model consists of optimal decision rules of economic agents, and that optimal decision rules vary systematically with changes in the structure of series relevant to the decision maker, ...
The decision rule is to accept the projects with the highest internal rates of return, so long as those rates are at least equal to the firm's cost of capital.
Discounted payback period rule An investment decision rule in which cash flows are discounted at an interest rate and one determines how long it takes for the sum of the discounted cash flows to equal the initial investment.
Recursive competitive equilibrium (RCE) is characterized by time-invariant equilibrium decision rules that specify actions as a function of a limited number of state variables, which summarize the effects of past decisions and current information.
1960. 'Utility, Strategy and Social Decision Rules.' Quarterly Journal of Economics 74: 507-535.
1961. 'Counterspeculation, Auctions, and Competitive Sealed Tenders.' Journal of Finance 16: 8-37.
That is, at IRR, I = PV. or NPV (net present value) = 0. Under the internal rate of return method, the decision rule is: accept the project if IRR exceeds the cost of capital; otherwise, reject the proposal.
 See also: Discounted cash flow, Payback, Expense, Banks, Values
  
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