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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 2013-05
上傳時間 21-五月-2015 16:57:06 (UTC+8)
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
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 21-五月-2015 16:57:06 (UTC+8)-
dc.date.available 21-五月-2015 16:57:06 (UTC+8)-
dc.date.issued (上傳時間) 21-五月-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) articleen
dc.identifier.doi (DOI) 10.1287/mnsc.1120.1616
dc.doi.uri (DOI) http://dx.doi.org/10.1287/mnsc.1120.1616