From stochastic dominance to mean-risk models: Semideviations as risk measures
نویسندگان
چکیده
منابع مشابه
From stochastic dominance to mean-risk models: Semideviations as risk measures
Two methods are frequently used for modeling the choice among uncertain outcomes: stochastic dominance and mean–risk approaches. The former is based on an axiomatic model of risk-averse preferences but does not provide a convenient computational recipe. The latter quantifies the problem in a lucid form of two criteria with possible tradeoff analysis, but cannot model all risk-averse preferences...
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Comparing uncertain prospects is one of fundamental interests of the economic decision theory. Two methods are frequently used for modeling the choice among uncertain outcomes: stochastic dominance and mean-risk approaches. The former is based on the axiomatic model of risk-averse preferences but does not provide a convenient computational recipe. It is, in fact, a multiple criteria model with ...
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ژورنال
عنوان ژورنال: European Journal of Operational Research
سال: 1999
ISSN: 0377-2217
DOI: 10.1016/s0377-2217(98)00167-2