Results 211 to 220 of about 6,026 (230)

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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An almost stochastic dominance based method for stochastic multiple attributes decision making

Intelligent Decision Technologies, 2017
This paper proposes an almost stochastic dominance based method for solving the stochastic multiple attribute decision making (SMADM) problems, where the attribute values of alternatives are represented by interval number with probability distribution (INPD), a random variable with closed interval support.
Yunna Wu, Hu Xu 0006, Chuanbo Xu, Xinli Xiao   +3 more
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Make Almost Stochastic Dominance really Almost [PDF]

, 2013
Leshno and Levy (2002) extend stochastic dominance (SD) theory to almost stochastic dominance (ASD) for {\it most} decision makers. When comparing any two prospects, Guo, et al.\ (2013) find that there will be ASD relationship even there is only very little difference in mean, variance, skewness, or kurtosis.
Guo, Xu, Wong, Wing-Keung, Zhu, Lixing
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Almost stochastic dominance under inconsistent utility and loss functions

Journal of Applied Probability, 2017
Abstract Current literature on stochastic dominance assumes utility/loss functions to be the same across random variables. However, decision models with inconsistent utility functions have been proposed in the literature. The use of inconsistent loss functions when comparing between two random variables can also be appropriate under other problem ...
Chunling Luo, Zhou He 0004, Chin Hon Tan
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An improved criterion for almost marginal conditional stochastic dominance

Review of Quantitative Finance and Accounting
Wei‐Han Liu, Jow‐Ran Chang, Guojun Yang   +2 more
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Almost Stochastic Dominance (ASD)

2016
We have seen in Chap. 6 that the SD criteria as well as the MV rule may lead to paradoxes in decision making. To avoid such paradoxes and to make the theoretical distributions to be closer to the empirical distributions it suggested in the previous chapter to truncate the theoretical distributions.
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Revisiting almost marginal conditional stochastic dominance

The Quarterly Review of Economics and Finance, 2022
Tzu-Ying Chen, An-Mei Tsai, Larry Y. Tzeng   +2 more
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Estimating the Critical Parameter in Almost Stochastic Dominance from Insurance Deductibles

Management Science, 2021
Yi-Chieh Huang, Larry Tzeng
exaly  

Multicriteria Analysis Based on Stochastic Dominance and Almost Stochastic Dominance Rule

2015
W pracy przedstawiono technikę wspomagania decyzji, która może być wykorzystywana do rozwiązywania dyskretnych wielokryterialnych problemów podejmowania decyzji w warunkach ryzyka. Do porównania rozkładów ocen wariantów decyzyjnych wykorzystywane są reguły dominacji stochastycznej oraz prawie-dominacji stochastycznej. Ranking końcowy uzyskiwany jest za
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