Results 221 to 230 of about 98,818 (275)

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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Estimating the Critical Parameter in Almost Stochastic Dominance from Insurance Deductibles

Management Science, 2021
Knowing how small a violation of stochastic dominance rules would be accepted by most individuals is a prerequisite to applying almost stochastic dominance criteria. Unlike previous laboratory-experimental studies, this paper estimates an acceptable violation of stochastic dominance rules with 939,690 real world data observations on a choice of ...
Yi-Chieh Huang, Kamhon Kan, Larry Y. Tzeng, Kili C. Wang   +3 more
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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
semanticscholar   +3 more sources

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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Socially responsible investing portfolio: An almost stochastic dominance approach

International Journal of Finance & Economics, 2018
AbstractThis study investigates whether socially responsible investing (SRI) portfolio performs better than the market indexes using the utility‐based nonparametric approach. The results from realized return distribution show that SRI portfolio outperforms the market indexes in term of almost stochastic dominance. The outperformance of SRI portfolio is
T. Do
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Retrieving almost stochastic Dominance momentum in Taiwan stock market

Pacific-Basin Finance Journal
We propose new momentum strategies based on the Almost Stochastic Dominance rules. Relative to classic momentum, our novel strategy achieves better risk-adjusted performance, and exhibits lower volatility and reduced negative skewness in returns. The abnormal returns are statistically and economically significant when testing against alternative common
Mi-Hsiu Chiang, Hsin-Yu Chiu, Yu-Chin Hsu   +2 more
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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 ...
Luo, Chunling, He, Zhou, Tan, Chin Hon
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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.
Wu, Yunna, Xu, Hu, Xu, Chuanbo, Xiao, Xinli   +3 more
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Evaluating Cloud Service Reliability: A Novel Approach Using Almost Stochastic Dominance

2024 International Conference on Engineering Management of Communication and Technology (EMCTECH)
This study introduces an innovative methodology for assessing cloud service reliability by applying Almost Stochastic Dominance (ASD) theory to cloud server performance data. We analyze outage information from major cloud service providers, collected via
Tse-Chun Hsu, Wan-Rong Wu
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