Revisiting almost second-degree stochastic dominance

NCUIR > School of Management at National Central University > Department of Finance > journal & Dissertation > Item 987654321/104975

Please use this identifier to cite or link to this item: https://ir.lib.ncu.edu.tw/handle/987654321/104975

Title:	Revisiting almost second-degree stochastic dominance
Authors:	黃瑞卿;Tzeng, Larry Y.;Huang, Rachel J.;Shih, Pai-Ta
Contributors:	管理學院財務金融學系
Keywords:	almost stochastic dominance;Decision analysis;Decision makers;Decision making;Decision theory;Decisions;Dominance;Economic aspects;Economic investment;Economic theory;Economic uncertainty;Finance;Investment risk;Logical theorems;Management science;Pathology;Preferences;Ranking and selection (Statistics);Research universities;Risk aversion;Stochastic analysis;stochastic dominance;Stochastic models;Stochastic processes;Studies;U.S.A;Utility functions;Virtual universities
Date:	2013-05-01
Issue Date:	2026-04-23 12:02:53 (UTC+8)
Publisher:	INFORMS Institute for Operations Research and the Management Sciences;Linthicum: INFORMS
Abstract:	摘要： Leshno and Levy [Leshno M, Levy H (2002) Preferred by "all" and preferred by "most" decision makers: Almost stochastic dominance. Management Sci. 48(8):1074-1085] established almost stochastic dominance to reveal preferences for most rather than all decision makers with an increasing and concave utility function. In this paper, we first provide a counterexample to the main theorem of Leshno and Levy related to almost second-degree stochastic dominance. We then redefine this dominance condition and show that the newly defined almost second-degree stochastic dominance is the necessary and sufficient condition to rank distributions for all decision makers excluding the pathological concave preferences. We further extend our results to almost higher-degree stochastic dominance. This paper was accepted by Peter Wakker, decision analysis. 出版者： Linthicum: INFORMS 出版日期： 2013-05-01 出處： Management science, 2013-05, Vol.59 (5), p.1250-1254 資源來源： EBSCOhost Business Source Premier 版權： 2013 INFORMS 版權： COPYRIGHT 2013 Institute for Operations Research and the Management Sciences 版權： Copyright Institute for Operations Research and the Management Sciences May 2013 識別號： ISSN: 0025-1909 識別號： EISSN: 1526-5501 識別號： DOI: 10.1287/mnsc.1120.1616 識別號： CODEN: MNSCDI
Appears in Collections:	[Department of Finance] journal & Dissertation

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML	9	View/Open

社群 sharing

Loading...