Decision theory , finance probability , incomplete information
Abstract:
This paper discusses different possibilities to check stochastic dominance if the information on probabilities is incomplete. We show that risk profiles can serve as a useful tool to understand stochastic dominance. In addition we extend the approach recently proposed by Pearman and Kmietowicz (1986) to test for stochastic dominance with incomplete information on probabilities.
Dieser Eintrag ist Teil der Universitätsbibliographie.
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