Simplifying the Choice between Uncertain Prospects Where Preference is Nonlinear

DOI10.1287/MNSC.20.7.1047zbMATH Open0327.90006OpenAlexW2072389738MaRDI QIDQ4093205FDOQ4093205

Authors: John S. Hammond III 

Publication date: 1974

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.20.7.1047

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Cited In (17)

• Expected utility and the Siegel paradox: A generalization
• Multivariate stochastic dominance for risk averters and risk seekers
• Central moments, stochastic dominance, moment rule, and diversification with an application
• Random utility models with ordered types and domains
• Prospect and Markowitz stochastic dominance
• Third party funding: the minimum claim value
• Stochastic dominance theory for location-scale family
• Stochastic Monotonicity of the Mean-CVaRs and Their Applications to Inventory Systems with Stockout Cost: A Transformation Approach
• A model of comparative statics for changes in stochastic returns with dependent risky assets
• Utility theory
• Implications of constant risk aversion
• Stochastic dominance and mean-variance measures of profit and loss for business planning and investment
• Would a risk-averse newsvendor order less at a higher selling price?
• On the relative efficiency of nth order and DARA stochastic dominance rules
• How noise affects effort in tournaments
• Stochastic dominance statistics for risk averters and risk seekers: an analysis of stock preferences for USA and China
• Distortion risk measures, ambiguity aversion and optimal effort

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