Stochastic Dominance

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  • Stochastic Dominance Book Detail

  • Author : Haim Levy
  • Release Date : 2006-08-25
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 439
  • ISBN 13 : 0387293116
  • File Size : 57,57 MB

Stochastic Dominance by Haim Levy PDF Summary

Book Description: This book 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. Each approach is discussed and compared. In addition, this volume examines cases in which stochastic dominance rules coincide with the mean-variance rule and considers how contradictions between these two approaches may occur.

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This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: the stochastic dominance approach;

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