Stochastic Dominance and Expected Utility: Survey and Analysis
While Stochastic Dominance has been employed in various forms as early as 1932, it has only been since 1969-1970 that the notion has been developed and extensively employed in the area of economics, finance, agriculture, statistics, marketing and operations research. In this survey, the first-, seco...
Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 38(1992), 4, Seite 555-593 |
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1. Verfasser: | |
Format: | Online-Aufsatz |
Sprache: | English |
Veröffentlicht: |
1992
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Zugriff auf das übergeordnete Werk: | Management Science |
Schlagworte: | Stochastic Dominance Application Risky Investment Choice Stochastic Dominance-Theory Decision Analysis Choice under Uncertainty Decision-Making Valuation Theory Utility/Preference Theory Risk Economics |
Zusammenfassung: | While Stochastic Dominance has been employed in various forms as early as 1932, it has only been since 1969-1970 that the notion has been developed and extensively employed in the area of economics, finance, agriculture, statistics, marketing and operations research. In this survey, the first-, second- and third-order stochastic dominance rules are discussed with an emphasis on the development in the area since the 1980s. |
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ISSN: | 15265501 |