Stochastic Dominance and Expected Utility: Survey and Analysis

While Stochastic Dominance has been employed in various forms as early as 1932, it has only been since 1969--1970 that the notion has been developed and extensively employed in the area of economics, finance, agriculture, statistics, marketing and operations research. In this survey, the first-, second- and third-order stochastic dominance rules are discussed with an emphasis on the development in the area since the 1980s.

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Year of publication:	1992
Authors:	Levy, Haim
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 38.1992, 4, p. 555-593
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS
Subject:	stochastic dominance application \| risky investment choice \| stochastic dominance \| theory \| decision analysis \| choice under uncertainty \| decision-making \| valuation theory: utility/preference theory \| risk

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.38.4.555 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009204035