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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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Dissertation
Fusion investing: an esoteric approach to portfolio formation
TL;DR: In this article, the authors proposed a fusion strategy based on the value-growth phenomenon and the momentum effect for active and passive portfolio management, and compared it with two passive benchmarks and four active benchmarks.
Proceedings ArticleDOI
Rank-based score normalization for multi-biometric score fusion
TL;DR: A rank-based score normalization framework for multi-biometric score fusion is proposed, in addition to normalizing the matching scores produced for each biometric modality independently, to further join them to form a single set using a rank- based scheme.
Journal ArticleDOI
Multivariate Almost Stochastic Dominance
Ilia Tsetlin,Robert L. Winkler +1 more
TL;DR: In this paper, the concepts of almost stochastic dominance and multivariate almost nth-degree risk are presented, and a preference for combining good with bad can be applied to obtain various comparative statics results.
Journal ArticleDOI
Evolution of Risk Aversion: The 'Having Descendants Forever' Approach
TL;DR: This paper showed that constant relative risk aversion can be viewed as an evolutionary-developed heuristic aimed to maximize the probability of having a descendant forever, which leads to preferences that are very closely approximated by the power CRRA preferences.
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.