Almost stochastic dominance allows small violations of stochastic dominance rules to avoid situations where most decision makers prefer one alternative to another but stochastic dominance cannot rank them. While the idea behind almost stochastic dominance is quite promising, it has not caught on...

The literature has pointed out that many decision makers could exhibit some degree of risk lovingness. Yet, it still lacks a suitable performance index which is consistent with the preferences of all of them, i.e., the preferred project has a higher score. To fulfill this need, our paper...