Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/75258
題名: | Revisiting almost second-degree stochastic dominance | 作者: | Tzeng, Larry Y.;Huang, Rachel J.;Shih, P.-T. 曾郁仁;黃瑞卿 |
貢獻者: | 風險與保險研究中心 | 關鍵詞: | Decision makers; Rank distributions; Risk aversion; Stochastic Dominance; Sufficient conditions; Utility functions; Decision making; Decision theory | 日期: | May-2013 | 上傳時間: | 21-May-2015 | 摘要: | Leshno and Levy [Leshno M, Levy H (2002) Preferred by "all" and preferred by "most" decision makers: Almost stochastic dominance. Management Sci. 48(8):1074-1085] established almost stochastic dominance to reveal preferences for most rather than all decision makers with an increasing and concave utility function. In this paper, we first provide a counterexample to the main theorem of Leshno and Levy related to almost seconddegree stochastic dominance. We then redefine this dominance condition and show that the newly defined almost second-degree stochastic dominance is the necessary and sufficient condition to rank distributions for all decision makers excluding the pathological concave preferences. We further extend our results to almost higher-degree stochastic dominance. © 2013 INFORMS. | 關聯: | Management Science, 59(5), 1250-1254 | 資料類型: | article | DOI: | http://dx.doi.org/10.1287/mnsc.1120.1616 |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
index.html | 176 B | HTML2 | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.