their work by first recommending an existing stochastic dominance test to handle the issue and thereafter developing a new … test for the ASD which could detect dominance for any pre-determined small value. We also provide two approaches to obtain … the critical values for our proposed test. …

-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs …’ demand, while an increase in expected energy price will surely cause the risk averse firm to decrease the demand for energy … risk averse firm to decrease the demands for the non-risky inputs. Furthermore, we investigate the two cases with only …

on how interest rate risk affects optimal bank investment in the loan and deposit market when derivatives are available … ways to manage risk of which one of the most important forms is interest rate risk. In this paper we use the mean …

In this paper we first develop a theory of almost stochastic dominance for risk-seeking investors to the first three … orders. Thereafter, we study the relationship between the preferences of almost stochastic dominance for risk-seekers with … that for risk averters. …

the estimation of the corresponding allocation, and it has bigger risk. To circumvent these limitations and to improve the …-corrected estimation not only in terms of the return but also in terms of the allocation and the risk. We further develop properties for …-prediction," "allocation estimation," and "risk" problems. Our simulation also shows that our proposed spectral-corrected estimation is stable …

This paper investigates the impact of multiplicative background risk on an investor's portfolio choice in a mean …-variance framework. We also study the efficient boundary frontiers with and without risk-free security. …

We study the optimal production of a competitive risk-averse firm under price uncertainty. We suppose that the firm is … aversion might be higher than under risk aversion. We also prove that optimal production could increase or decrease when the … fact the price uncertainty has not such an extreme impact than those would be derived from pure risk-averse preferences. …

This paper studies some properties of stochastic dominance (SD) for risk-averse and risk-seeking investors, especially …-utility maximization for risk-averse and risk-seeking investors. Thereafter, we prove that a hierarchy exists in both ASD and DSD … could make wiser choices on their investment decision. …