Stochastic Dominance and the Maximization of Expected Utility

DOI10.2307/2297326zbMath0392.90008OpenAlexW2066470699MaRDI QIDQ4174475

Leigh Tesfatsion

Publication date: 1976

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297326

zbMATH Keywords

Stochastic DominanceExpected Utility

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (19)

The Effect of Social Preferences on Sales and Operations Planning ⋮ Testing for second order stochastic dominance ⋮ Stochastic dominance: A bibliographical rectification and a restatement of Whitmore's theorem ⋮ Stochastic dominance and mean-variance measures of profit and loss for business planning and investment ⋮ Precautionary saving in the presence of labor income and interest rate risks ⋮ The demand for a risky asset in the presence of a background risk ⋮ Multivariate decisions with unknown price vector ⋮ Multivariate decision-making under risk aversion ⋮ When can expected utility handle first-order risk aversion? ⋮ On the use of capacities in modeling uncertainty aversion and risk aversion ⋮ The sizes and powers of some stochastic dominance tests: A Monte Carlo study for correlated and heteroskedastic distributions ⋮ Stochastic dominance theory for location-scale family ⋮ SHARP BOUNDS ON THE DISTRIBUTION OF TREATMENT EFFECTS AND THEIR STATISTICAL INFERENCE ⋮ BALAYAGE MONOTONOUS RISK MEASURES ⋮ A note on dependence between a venture and a current prospect ⋮ Gains from diversification on convex combinations: a majorization and stochastic dominance approach ⋮ Temporal risk and the nature of induced preferences ⋮ On the relationship between comparisons of risk aversion of different orders ⋮ Central moments, stochastic dominance, moment rule, and diversification with an application

This page was built for publication: Stochastic Dominance and the Maximization of Expected Utility