Open AccessPosted Content
Rules for Ordering Uncertain Prospects
Josef Hadar,William R Russell +1 more
About:
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
More filters
Journal ArticleDOI
Preferences over Meyer’s Location-Scale Family
Ma Chenghu,Wong Wing-Keung +1 more
TL;DR: In this article, the location-scale expected utility functions are extended with general n random seed sources and some useful geometrical and topological properties of the expected utility function are obtained.
Book ChapterDOI
Attitudes towards risk and inequality : a questionnaire-experimental approach
Yoram Amiel,Frank Cowell +1 more
TL;DR: The authors examine the basis for statements about inequality or risk comparisons without incorporating a priori the key assumptions that impose structure on inequality indices, measures of risk or other distributional criteria, instead of posing the question “what is the degree of inequality (risk) aversion”.
Journal ArticleDOI
A General Index of Absolute Risk Attitude
Michel Denuit,Louis Eeckhoudt +1 more
TL;DR: In this article, the authors exploit a representation of the Friedman-Savage utility premium (Friedman, M., L. J. Savage. 1948) to give a general foundation for such coefficients and for their higher-order extensions.
Journal ArticleDOI
Improving Portfolio Performance with Option Strategies: Evidence from Switzerland
Dušan Isakov,Bernard Morard +1 more
TL;DR: In this paper, the authors investigated the performance of a global investment strategy that combines diversification and option strategies, in particular the covered call strategy, on the Swiss Exchange over the period 1989-1996.
References
More filters
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.