Stochastic dominance with imprecise information
نویسندگان
چکیده
منابع مشابه
Stochastic dominance with imprecise information
Stochastic dominance, which is based on the comparison of distribution functions, is one of the most popular preference measures. However, its use is limited to the case where the goal is to compare pairs of distribution functions, whereas in many cases it is interesting to compare sets of distribution functions: this may be the case for instance when the available information does not allow to...
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Choquet expected utility which uses capacities (i.e. nonadditive probability measures) in place of a-additive probability measures has been introduced to decision making under uncertainty to cope with observed effects of ambiguity aversion like the Ellsberg paradox. In this paper we present necessary and sufficient conditions for stochastic dominance between capacities (i.e. the expected utilit...
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ژورنال
عنوان ژورنال: Computational Statistics & Data Analysis
سال: 2014
ISSN: 0167-9473
DOI: 10.1016/j.csda.2012.07.030