Showing 1 - 10 of 18,782
Persistent link: https://www.econbiz.de/10003781492
Persistent link: https://www.econbiz.de/10003032857
Persistent link: https://www.econbiz.de/10001810488
Risk: Is There a Unique Objective Measure? -- Expected Utility Theory -- Stochastic Dominance Decision Rules … Dominance Approach -- Non-Expected Utility and Stochastic Dominance -- Stochastic Dominance and Prospect Theory -- Multivariate …. The non-expected utility approach focuses on Regret Theory (RT) and mainly on prospect theory (PT) and its modified …
Persistent link: https://www.econbiz.de/10014017858
This updated 3rd edition is devoted to the analysis of various Stochastic Dominance (SD) decision rules. It discusses the pros and cons of each of the alternate SD rules, the application of these rules to various research areas like statistics, agriculture, medicine, measuring income inequality...
Persistent link: https://www.econbiz.de/10014013636
Persistent link: https://www.econbiz.de/10009761149
Persistent link: https://www.econbiz.de/10003457386
Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...
Persistent link: https://www.econbiz.de/10011507677
Persistent link: https://www.econbiz.de/10003047559
principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals …
Persistent link: https://www.econbiz.de/10014182702