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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
Citations
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Distributional Analysis of Portfolio Choice
TL;DR: In this paper, the authors compared trading in a market with receiving some particular consu mption bundle, given increasing state-independent preferences and complete markets, focusing on the distribution price of a particular bundle.
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Stochastic Dominance and Mean-Variance Measures of Profit and Loss for Business Planning and Investment
TL;DR: The stochastic dominance theory is extended by introducing the first three orders of both ascending SD (ASD) and descending SD (DSD) to decisions in business planning and investment to risk-averse and risk- loving decision makers so that they can compare both return and loss.
Posted Content
Distributional Analysis of Portfolio Choice
TL;DR: In this article, the authors compare trading in a market with receiving some particular consumption bundle, given increasing state-independent preferences and complete markets, focusing on the distributional price of the particular bundle.
Posted Content
Appropriative Water Rights and the Efficient Allocation of Resources
H. Stuart Burness,James P. Quirk +1 more
TL;DR: In this article, the authors investigated the allocative efficiency of the appropriative system of water rights, within the context of a simplified model of a water using industry and showed that the allocation of water and diversion capacitie-6 among firms is inefficient, being dominated by an equal sharing among firms.
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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.
Journal ArticleDOI
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.
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.