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Stochastic Dominance
Haim . Ed(S): Levy
€ 292.12
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Description for Stochastic Dominance
Paperback. Editor(s): Levy, Haim. Series: Studies in Risk and Uncertainty. Num Pages: 452 pages, biography. BIC Classification: GPQ; KFFM; PBWL. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 23. Weight in Grams: 694.
This second edition of Stochastic Dominance is devoted to investment decision making under uncertainty. The book covers four basic approaches to this process: a) The stochastic dominance (SD) approach, developed on the foundation of von-Neumann and Morgenstem^ expected utiHty paradigm. b) The mean-variance approach developed by Markowitz^ on the foundation of von-Neumann and Morgenstern's expected utility or simply on the assumption of a utility function based on mean and variance. c) The "almost" stochastic dominance (ASD) rules and the "almost" me- variance rule (AMV). No matter whether one employs objective or subjective probabilities, the common stochastic dominance criteria and the ... Read more
This second edition of Stochastic Dominance is devoted to investment decision making under uncertainty. The book covers four basic approaches to this process: a) The stochastic dominance (SD) approach, developed on the foundation of von-Neumann and Morgenstem^ expected utiHty paradigm. b) The mean-variance approach developed by Markowitz^ on the foundation of von-Neumann and Morgenstern's expected utility or simply on the assumption of a utility function based on mean and variance. c) The "almost" stochastic dominance (ASD) rules and the "almost" me- variance rule (AMV). No matter whether one employs objective or subjective probabilities, the common stochastic dominance criteria and the ... Read more
Product Details
Format
Paperback
Publication date
2010
Publisher
Springer-Verlag New York Inc. United States
Number of pages
452
Condition
New
Series
Studies in Risk and Uncertainty
Number of Pages
439
Place of Publication
New York, NY, United States
ISBN
9781441939838
SKU
V9781441939838
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Stochastic Dominance
From the reviews of the second edition: "This book is an economics book about stochastic dominance. … is certainly a valuable reference for graduate students interested in decision making under uncertainty. It investigates and compares different approaches and presents many examples. Moreover, empirical studies and experimental results play an important role in this book, which ... Read more