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Rules for Ordering Uncertain Prospects

Josef Hadar, +1 more
- 01 Jan 1969 - 
- Vol. 59, Iss: 1, pp 25-34
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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.

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Citations
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Journal ArticleDOI

Soft Querying of Standard and Uncertain Databases

TL;DR: This work model a query as a collection of required conditions and an imperative for combining an object's satisfaction to the individual conditions to get its overall satisfaction and introduces a new method for aggregating the individual satisfactions that can model a lexicographic relation between the individual requirements.
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Optimization with Reference-Based Robust Preference Constraints

TL;DR: An optimization model using a novel robust preference relationship---reference-based almost stochastic dominance (RSD) and the concept of RSD addresses the two problems in utility-based decision-based optimization.
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.
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.
Journal ArticleDOI

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.