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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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Journal ArticleDOI
Variance and Lower Partial Moment Measures of Systematic Risk: Some Analytical and Empirical Results
TL;DR: In this paper, the authors show that there are systematic differences in measured values of the two risk measures for securities with above average and below average systematic risk when return distributions are lognormal.
Proceedings Article
Why is posterior sampling better than optimism for reinforcement learning
Ian Osband,Benjamin Van Roy +1 more
TL;DR: An Bayesian expected regret bound for PSRL in finite-horizon episodic Markov decision processes is established, which improves upon the best previous bound of $\tilde{O}(H S \sqrt{AT})$ for any reinforcement learning algorithm.
BookDOI
Probabilistic and Randomized Methods for Design under Uncertainty
TL;DR: Part I Chance-Constrained and Stochastic Optimization Scenario Approximations of Chance Constraints Optimization Models with Probabilistic Constrains Theoretical Framework for Comparing Several Stochastics Optimization Approaches Optimization of Risk Measures.
Gender and Poverty: New Evidence from 10 Developing Countries
TL;DR: In this paper, the authors examined the links between gender and poverty in 10 developing countries (7 in sub-Saharan Africa 3 in Asia and 1 in Latin America) and found that the poor are dominated by female-headed households.
Journal ArticleDOI
Risk, Learning, and the Adoption of Fertilizer Responsive Seed Varieties
TL;DR: The effect of uncertainty due to imperfect information on the decision to adopt fertilizer responsive seed varieties is examined and additional information and enhanced ability to "decode" information are shown to increase the likelihood of adoption.
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.
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.