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Stochastic Dominance: Investment Decision Making under Uncertainty (Studies in Risk and Uncertainty) PDF

442 Pages·2006·16.259 MB·English
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by Haim Levy| 2006| 442 pages| 16.259| English

About Stochastic Dominance: Investment Decision Making under Uncertainty (Studies in Risk and Uncertainty)

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.

Detailed Information

Author:Haim Levy
Publication Year:2006
ISBN:9780387293110
Pages:442
Language:English
File Size:16.259
Format:PDF
Price:FREE
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