Results 211 to 220 of about 70,386 (264)

Almost stochastic dominance: Magnitude constraints on risk aversion

Insurance: Mathematics and Economics, 2023
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Liu, Liqun, Meyer, Jack
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A Note on Almost Stochastic Dominance and Generalized Almost Stochastic Dominance

SSRN Electronic Journal, 2014
Abstract In this paper we first extend the theory of almost stochastic dominance (ASD) (for risk averters) to include the ASD for risk-seeking investors. We then study the relationship between ASD for risk seekers and ASD for risk averters. Recently, Tsetlin, et al.(2015) develop the theory of generalized ASD (GASD).
Xu Guo, Wing-Keung Wong, Lixing Zhu
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Generalized Almost Stochastic Dominance

Operations Research, 2013
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 in practice.
Tsetlin, Ilia, Winkler, Robert L., Huang, Rachel J., Tzeng, Larry Y.   +3 more
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Tractable Almost Stochastic Dominance

European Journal of Operational Research, 2012
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Lizyayev, Andrey, Ruszczyński, Andrzej
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Multivariate Almost Stochastic Dominance

Journal of Risk and Insurance, 2017
AbstractAlmost 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. We present the concepts of multivariate almost stochastic dominance and multivariate almost nth‐degree risk and their connections with a ...
Ilia Tsetlin, Robert L. Winkler
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Almost first-order stochastic dominance by distorted expectations

Probability in the Engineering and Informational Sciences, 2022
Almost stochastic dominance has been receiving a great amount of attention in the financial and economic literatures. In this paper, we characterize the properties of almost first-order stochastic dominance (AFSD) via distorted expectations and investigate the conditions under which AFSD is preserved under a distortion transform.
Jianping Yang, Tian Zhou, Weiwei Zhuang
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Revisiting generalized almost stochastic dominance

Annals of Operations Research, 2018
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Jow-Ran Chang, Wei-Han Liu, Mao-Wei Hung
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Almost Stochastic Dominance for Most Risk-Averse Decision Makers

Decision Analysis, 2020
In this paper, we propose a new concept of almost second-degree stochastic dominance (ASSD), which we term almost risk-averse stochastic dominance (ARSD). Compared with existing ASSD conditions, ARSD can exclude extremely risk-averse utility functions.
Chunling Luo, Chin Hon Tan
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Revisiting Almost Second-Degree Stochastic Dominance

Management Science, 2013
Leshno and Levy [Leshno M, Levy H (2002) Preferred by “all” and preferred by “most” decision makers: Almost stochastic dominance. Management Sci. 48(8):1074–1085] established almost stochastic dominance to reveal preferences for most rather than all decision makers with an increasing and concave utility function.
Larry Y. Tzeng, Rachel J. Huang, Pai-Ta Shih   +2 more
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Consistent Tests for Almost Stochastic Dominance

SSRN Electronic Journal, 2015
Leshno and Levy (2002) introduce the concept of the first and second order of almost stochastic dominance (ASD) for most decision makers. There are many studies investigating the properties of this concept. Many empirical applications are also conducted based on it. However, there is no formal statistical inference procedure up to now.
Xu Guo, Haim Levy, Wing-Keung Wong
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