Stochastic Dominance Investment Decision Making under Uncertainty /

• Main Author: Levy, Haim (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2006.
• Edition: Second Edition.
• Series: Studies in Risk and Uncertainty, 12
• Subjects: Finance.; Operations research.; Decision making.; Microeconomics.; Finance, general.; Operation Research/Decision Theory.

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, cumulat...

Table of Contents:

• On the Measurement of Risk
• Expected Utility Theory
• Stochastic Dominance Decision Rules
• Stochastic Dominance: The Quantile
• Algorithms for Stochastic Dominance
• Stochastic Dominance with Specific Distributions
• The Empirical Studies
• Applications of Stochastic Dominance Rules
• Stochastic Dominance and Risk Measures
• Stochastic Dominance and Diversification
• Decision Making and the Investment Horizon
• The CAMP and Stochastic Dominance
• Almost Stochastic Dominance (ASD)
• Non-Expected Utility and Stochastic Dominance
• Stochastic Dominance and Prospect Theory
• Future Research.