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Stochastic Dominance

Investment Decision Making under Uncertainty

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Pages
528 pages
Reading time
19 hours

More about the book

Focusing on Stochastic Dominance decision rules, this updated edition analyzes their advantages and disadvantages across diverse fields such as statistics, agriculture, medicine, and investment under uncertainty. It includes revisions to existing chapters and introduces two new chapters: one on asymptotic SD and its connection to the maximum geometric mean rule, and another exploring bivariate SD rules that consider an individual's wealth in relation to peers. This comprehensive approach enhances understanding of decision-making processes in various contexts.

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Stochastic Dominance, Haim Levy

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Released
2015
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