dc.contributor | 風險與保險研究中心 | |
dc.creator (作者) | Tzeng, Larry Y.;Huang, Rachel J.;Shih, P.-T. | |
dc.creator (作者) | 曾郁仁;黃瑞卿 | zh_TW |
dc.date (日期) | 2013-05 | |
dc.date.accessioned | 21-May-2015 16:57:06 (UTC+8) | - |
dc.date.available | 21-May-2015 16:57:06 (UTC+8) | - |
dc.date.issued (上傳時間) | 21-May-2015 16:57:06 (UTC+8) | - |
dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/75258 | - |
dc.description.abstract (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. | |
dc.format.extent | 176 bytes | - |
dc.format.mimetype | text/html | - |
dc.relation (關聯) | Management Science, 59(5), 1250-1254 | |
dc.subject (關鍵詞) | Decision makers; Rank distributions; Risk aversion; Stochastic Dominance; Sufficient conditions; Utility functions; Decision making; Decision theory | |
dc.title (題名) | Revisiting almost second-degree stochastic dominance | |
dc.type (資料類型) | article | en |
dc.identifier.doi (DOI) | 10.1287/mnsc.1120.1616 | |
dc.doi.uri (DOI) | http://dx.doi.org/10.1287/mnsc.1120.1616 | |