Multivariate Discrete First Order Stochastic Dominance [PDF]
, 2007 This paper characterizes the principle of first order stochastic dominance in a multivariate discrete setting. We show that a distribution f first order stochastic dominates distribution g if and only if f can be obtained from g by iteratively shifting density from one outcome to another that is better.
Tarp, Finn, Østerdal, Lars Peter
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Violations of first-order stochastic dominance as salience effects [PDF]
Journal of Behavioral and Experimental Economics, 2015 Abstract In contradiction to expected utility theory, various studies find that splitting events or attributes into subevents and subattributes can reverse a decision maker’s choices. Most notably, these effects can induce first-order stochastic dominated choices. Such violations of first-order stochastic dominance are framing effects, which expected
Dertwinkel-Kalt, Markus, Köster, Mats
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Performance Evaluation of Iranian OTC's Companies by Using Stochastic Dominance Criteria and Optimizing with PSO and ANN Hybrid Model [PDF]
Journal of Asset Management and Financing, 2018 The goal of the current study is performance evaluation of Iranian OTCs companies by using stochastic dominance and optimizing them by employing Artificial Neural Network and Particle Swarm Optimization hybrid model .To fulfill this objective, we used ...
Sajad Jamshidi, Gholam Reza Zamanian
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Trading Cryptocurrencies Using Second Order Stochastic Dominance
Mathematics, 2021 This research is the first attempt to customize a trading system that is based on second order stochastic dominance (SSD) to five known cryptocurrencies’ daily data: Bitcoin, Ethereum, XRP, Binance Coin, and Cardano.
Gil Cohen
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Violations of dominance in decision-making
Business Research, 2019 A key premise underlying most of the economic literature is that rational decision-makers will choose dominant strategies over dominated alternatives. However, prior literature in various disciplines including business, psychology, and economics document
Thomas Kourouxous, Thomas Bauer
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Valid inequalities and restrictions for stochastic programming problems with first order stochastic dominance constraints [PDF]
Mathematical Programming, 2007 Stochastic dominance relations are well studied in statistics, decision theory and economics. Recently, there has been significant interest in introducing dominance relations into stochastic optimization problems as constraints. In the discrete case, stochastic optimization models involving second order stochastic dominance constraints can be solved by
Nilay Noyan, Andrzej Ruszczynski
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Risk Aversion, Loss Aversion, and the Demand for Insurance
Risks, 2018 In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of losses or gains relative to a reference point.
Louis Eeckhoudt +2 more
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Stochastic programming with multivariate second order stochastic dominance constraints with applications in portfolio optimization [PDF]
, 2014 In this paper we study optimization problems with multivariate stochastic dominance constraints where the underlying functions are not necessarily linear. These problems are important in multicriterion decision making, since each component of vectors can
Xu, Huifu +2 more
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Analyzing multidimensional measures of poverty and their influences in China's Qinba Mountains
Chinese Journal of Population, Resources and Environment, 2020 :: We use the Alkire–Foster poverty measure and decomposition method to study multidimensional poverty in the Qinling–Daba contiguous poor area of China's Henan Province.
Wenxian Jiao
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Optimal Cyclical Behavior of Monetary Policy of Iran: Using a DSGE Model [PDF]
Iranian Journal of Economic Studies, 2018 The countercyclical monetary policy is a policy that economists recommend to adopt in order to slow down the economic fluctuations. The aim of this study is to address the question that, in the presence of fiscal dominance and considering institutional ...
Neda Kasaipour, Alireza Erfani
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