Results 201 to 210 of about 14,015 (245)
The evolution of social behaviors and risk preferences in settings with uncertainty. [PDF]
Wang G, Su Q, Wang L, Plotkin JB.
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Economic Research: Retrospect and Prospect Vol 3: Policy Issues and Research Opportunities in Industrial Organization [PDF]
Oliver E. Williamson
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Generalized Similarity Judgments: An Alternative Explanation for Choice Anomalies [PDF]
John Leland
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The Axiomatic Basis of Anticipated Utility : A Clarification [PDF]
Quiggin, J., Wakker, P.
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Fractional stochastic dominance in rank-dependent utility and cumulative prospect theory
Journal of Mathematical Economics, 2022zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Mao, Tiantian, Wang, Ruodu
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Stochastic Dominance and Cumulative Prospect Theory
Management Science, 2006We generalize and extend the second-order stochastic dominance condition for expected utility to cumulative prospect theory. The new definitions include preferences represented by S-shaped value functions, inverse S-shaped probability weighting functions, and loss aversion.
Manel Baucells, Franz H. Heukamp
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Stochastic Dominance and Prospect Dominance with Subjective Weighting Functions
Journal of Risk and Uncertainty, 1998The purpose of this paper is to analyze under what set of transformations \({\mathbf T}_1\), the first degree stochastic dominance is unaffected (we use bold letters for sets to distinguish between a set of transformations and a particular one).
Levy, Haim, Wiener, Zvi
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A Complete Ranking of Risky Prospects Consistent with Stochastic Dominance
SSRN Electronic Journal, 2020We introduce a new and complete ordering of prospects that is consistent with stochastic dominance (SD). Featuring loss aversion and skewness preference, it mitigates the low discriminatory power of SD and circumvents implementation difficulties associated with third order SD.
Olivier Arnaud Le Courtois, Xia Xu
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Test Statistics for Prospect and Markowitz Stochastic Dominances with Applications
SSRN Electronic Journal, 2007Summary: \textit{H. Levy} and \textit{M. Levy} [``Prospect theory: much ado about nothing?'', Manage. Sci. 48, 1334--1349 (2002); ``Prospect theory and mean-variance analysis'', Rev. Financ. Stud. 17, 1015--1041 (2004)] extend the stochastic dominance (SD) theory for risk averters and risk seekers by developing the prospect SD (PSD) and Markowitz SD ...
Bai, Z., Li, H., Liu, H., Wong, W.-K.
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