Stochastic dominance : investment decision making under uncertainty

Haim Levy

This updated 3rd edition is devoted to the analysis of various Stochastic Dominance (SD) decision rules. It discusses the pros and cons of each of the alternate SD rules, the application of these rules to various research areas like statistics, agriculture, medicine, measuring income inequality and the poverty level in various countries, and of course, to investment decision-making under uncertainty. The book features changes and additions to the chapters, and also includes two completely new chapters. One deals with asymptotic SD and the relation between FSD and the maximum geometric mean (MGM) rule (or the maximum growth portfolio). The other new chapter discusses bivariate SD rules where the individual’s utility is determined not only by his own wealth, but also by his standing relative to his peer group.

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Year of publication:	2016 ; 3. ed.
Authors:	Levy, Haim
Publisher:	Cham [u.a.] : Springer
Subject:	Portfolio-Management \| Portfolio selection \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Stochastischer Prozess \| Stochastic process \| Prospect Theory \| Prospect theory \| Erwartungsnutzen \| Expected utility \| Theorie \| Theory \| Finanzanalyse \| Entscheidungstheorie
Description of contents:	Table of Contents [gbv.de]

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Extent:	XXII, 505 S. graph. Darst.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Literaturverz. S. 483 - 499
ISBN:	978-3-319-21707-9 ; 978-3-319-21708-6
Classification:	Geld, Inflation, Kapitalmarkt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011381640