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Rules for Ordering Uncertain Prospects
Josef Hadar,William R Russell +1 more
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This article is published in The American Economic Review.The article was published on 1969-01-01 and is currently open access. It has received 1748 citations till now.read more
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Proceedings Article
Multiple Assignment Problems under Lexicographic Preferences
Hadi Hosseini,Kate Larson +1 more
TL;DR: It is shown that the random serial dictatorship quota mechanisms (RSDQ) are envyfree, strategyproof, and ex post efficient for any number of agents and objects and any quota system, proving that the well-studied Random Serial Dictatorship ( RSD) satisfies envyfreeness when preferences are lexicographic.
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Information and herd health management practices in texas dairies
TL;DR: In this article, the dissemination of information by extension agents on dairy management practices used to control mastitis and the use of that information by producers are investigated and surveyed to determine current practices used.
Posted Content
Quantity Discounts for Taste{Varying Consumers
TL;DR: In this paper, the authors characterize the menu of optimal nonlinear tariffs when consumers' demands are stochastic, and show that the increasing hazard rate property of distributions is preserved under convolution.
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On the cost of misperceived travel time variability
Yu Xiao,Daisuke Fukuda +1 more
TL;DR: In this article, the authors reformulate a general scheduling model employing rank-dependent utility theory and derive two special cases as econometric specifications to study the uncaptured costs of misperception.
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Should Americans invest internationally? Mean–variance portfolios optimization and stochastic dominance approaches
TL;DR: This paper investigates whether international diversification and home bias inertia are substitutes or complements for Americans and recommends that the US investors have a “home bias” if they prefer less risk and to be “internationally diversified”if they prefer higher risk.
References
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Book
Theory of Games and Economic Behavior
TL;DR: Theory of games and economic behavior as mentioned in this paper is the classic work upon which modern-day game theory is based, and it has been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations.
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Admissibility and Measurable Utility Functions
James P. Quirk,Rubin Saposnik +1 more
Book ChapterDOI
Ordered Families of Distributions
TL;DR: In this article, a comparison is made of several definitions of ordered sets of distributions, some of which were introduced earlier by the author [7], [8] and by Rubin [10], and the results are applied to obtaining tests that give a certain guaranteed power with a minimum number of observations.
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Dynamic Inventory Policy with Varying Stochastic Demands
TL;DR: In this article, a dynamic inventory model is formulated in which the demand distributions may change from period to period, and the optimal policy at each stage is characterized by a single critical number which also could vary in successive periods.