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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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Ranking of fuzzy intervals seen through the imprecise probabilistic lens
Sébastien Destercke,Inés Couso +1 more
TL;DR: This paper investigates ranking rules based on different statistical features (mean, median) and orderings, and relates the obtained (partial) orders to some classical proposals, and proposes a generic expression of stochastic orderings and uses it to systematically investigate extensions of the most usual stochastics orderings to fuzzy intervals.
Journal Article
Interactive approach in multicriteria analysis based on stochastic dominance
TL;DR: In this paper, the authors considered a discrete stochastic multicrite-ria problem, where a finite set of actions A, a set of attributes X and the set of evaluations E are assumed to be known and the performance probability distributions for each action on each at- tribute are known.
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Dynamic decision making without expected utility: an operational approach
TL;DR: A procedure which selects a non-dominated strategy that realizes a compromise between the decision maker’s discordant goals at the different decision nodes, and confirms the computational tractability of the model.
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Are technical trading strategies still profitable? Evidence from the Taiwan Stock Index Futures Market
TL;DR: In this paper, the authors used stochastic dominance theory to compare the performance of passive and active trading strategies for the Taiwan Stock Index Futures, and found that the relative strength index (RSI) oscillator and parabolic strategies outperform the other technical trading strategies.
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Comparing multi-criteria decision analysis and integrated assessment to support long-term water supply planning.
TL;DR: It is found that the MAVT-type models provide higher distinguishability and a more robust basis for discussion than the IA- type models, however, the needed complexity of the model should be determined based on the intended use of themodel within the decision support process.
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.