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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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The Harmonic Mean and Other Necessary Conditions for Stochastic Dominance
TL;DR: In this article, a systematic procedure is developed to determine necessary conditions for all degrees of stochastic dominance, including the least value comparison, the ranking of arithmetic means, geometric means, semivariances, and the comparison of algebraic combinations of the arithmetic mean and variance.
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An Economic Examination of an Integrated Pest Management Production System with a Contrast Between E-V and Stochastic Dominance Analysis
TL;DR: In this article, the authors proposed an economic analysis of integrated pest management (IPM) and concluded that the major advantages of IPM are: (1) a substantial reduction in overall pesticide use, (2) no significant reduction in profits, no significant loss of yields, (3) an overall reduction in pest management costs, and (4) a reduction in risk for the producers.
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Small Victories: Creating Intrinsic Motivation in Task Completion and Debt Repayment
Alexander L. Brown,Joanna Lahey +1 more
TL;DR: In this paper, the authors define the concept of small victories as the ability of dividing a task into smaller parts and completing the parts from smallest size to largest size can help people realize quick motivational gains that increase their likelihood of completing the task.
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Variance and lower partial moment betas as alternative risk measures in cost of capital estimation: a defense of the capm beta
Ghassem Homaifar,Duane B. Graddy +1 more
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The diffusion of scientific innovations: A role typology
Catherine Herfeld,Malte Doehne +1 more
TL;DR: A general account of the diffusion of scientific innovations is proposed, which acknowledges that novel ideas must be elaborated on and conceptually translated before they can be adopted and applied to field-specific problems.
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.
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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.