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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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Scare Behavior Diffusion Model of Health Food Safety Based on Complex Network
TL;DR: The effects of network structure and heterogeneity of health food consumers on the health food safety scare behavior diffusion are analyzed using network stochastic dominance theory and a computer mathematical simulation is performed to explore the characteristics and laws of the evolution of this model.
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Investment Decision Making with Derivative Securities
Abstract: This paper examines strategies employing stock options, index options, index futures options, and index futures contracts in an effort to establish under what conditions a portfolio manager should diversify into these derivative assets. The results show that futures option call writing and put buying were dominated by third-order stochastic dominance when compared to similar index options. Thus, when covered call writing or protective put buying are being considered, index options appear to be the better choice.
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Yield response of groundnuts to the amount and timing of water application
TL;DR: In this article, the authors estimate groundnut yield response to water using experimental data from the International Crop Research Institute for the Semi-Arid Tropics (ICRISAT), combined with historical meteorological data to simulate yield distributions in order to identify risk-efficient genotypes.
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A Practical Way to Select an Optimum Farm Plan Under Risk: Comment
TL;DR: This comment uses lexicographic utility analysis to extend Scott and Baker's treatment of risky information and shows how Baumol's criterion or stochastic dominance, together with a "safety-first" rule, lead to similar choices from the set of E-V efficient portfolios.
Dissertation
Ecotoxicological Risk Assessment: Developments in PNEC Estimation
TL;DR: In this article, the authors evaluate several methods for determining a predicted no effect concentration (PNEC) according to regulatory guidance and scientific literature, and explore these methods under the context of alternative probabilistic models.
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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.