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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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Arbitrage Opportunities, Efficiency, and the Role of Risk Preferences in the Hong Kong Property Market
TL;DR: In this paper, the authors investigated how a prospective buyer's optimal home-size purchase can be determined by means of a stochasticdominance (SD) analysis of historical data of Hong Kong.
Dissertation
The economic viability of automatic milking systems in Australia's pasture-based dairy farm systems: a case study analysis
TL;DR: In this paper, the authors propose a table of contents and a list of figures. But they do not specify the number of figures in each contour list, only the contours.
Posted Content
On Aumann and Serrano's Economic Index of Risk
TL;DR: In this paper, the authors study the risk index of an additive gamble proposed in Aumann and Serrano (2008), and establish a generalized duality result for this index and use it to prove Yaari's (1969) alternative characterization of DARA utilities.
Journal ArticleDOI
Incorporating government program provisions into a mean-variance framework
TL;DR: A number of papers have defended E-V as a program and one or more activities representreasonable approximation of optimal decisions ing production within the program as mentioned in this paper. But mated by a quadratic function (Markowitz).
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On the relative efficiency of nth order and DARA stochastic dominance rules
Antonella Basso,Paolo Pianca +1 more
TL;DR: In this article, the relative efficiency of the ordinary stochastic dominance and DARA criteria for alternatives with discrete distributions is compared, in order to see if the better performance of DARA criterion is also suitable for other practical applications.
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
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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.