Stochastic Dominance
Publication year: 2006
ISBN: 978-0-387-29311-0
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Stochastic Dominance is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: The stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory. These approaches are discussed and compared in this book.
Subject: Business and Economics, Investment, algorithm, algorithms, decision making, utility, utility theory
