Open AccessPosted Content
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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Finding Better Securities while Holding Portfolios: Is Stochastic Dominance the Answer?
TL;DR: Shalit as mentioned in this paper proposed using marginal conditional stochastic dominance (MCSD), which ensures that all risk-averse investors benefit from the selection process by establishing the relative preference among stocks conditional on holding a specific portfolio.
Posted Content
A Simple Riskiness Order Leading to the Aumann-Serrano Index of Riskiness
TL;DR: In this article, the authors introduce a simple riskier than order between gambles, from which the index of riskiness developed by Aumann and Serrano (2008) is directly obtained.
Journal ArticleDOI
Efficiency analysis of deductible insurance policies
TL;DR: In this article, the authors use the Stochastic Dominance with the riskless asset (SDR) framework to establish a relatively narrow range for the premium of a given excess insurance policy.
Journal ArticleDOI
How Did the Elimination of the Window Guidance Policy Affect IPO Performance in China? A Stochastic Dominance Analysis
TL;DR: Wang et al. as discussed by the authors used data on all initial public offerings (IPO) listed on the three boards in China's stock markets to investigate overpricing in the Chinese IPO market from 2009 to 2013.
Proceedings ArticleDOI
Fair Allocation based on Diminishing Differences
TL;DR: A polynomial-time algorithm is presented for finding a necessarily-DD-proportional allocation if it exists, and it is shown that with high probability, anecessarily-proportsional allocation does not exist but a necessarily/substantially-provisional allocation exists and that allocation is proportional according to the underlying cardinal utilities.
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.
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.