Stochastic dominance with linear partial information
This paper is concerned with expanding the range of application of stochastic dominance as a basis for choosing between alternative decision strategies. Unlike most work in this area, it does so on the assumption that the decision maker is not willing to specify a unique subjective probability distribution for future states of nature, but is only able to articulate a fuzzy, inexact set of beliefs, which may be summarized by appropriate linear constraints on probabilities of events. It is shown that the concept of stochastic dominance readily transfers to this decision environment and that the relevant calculations are quite straightforward. Additionally, the requirements for stochastic dominance and for statistical dominance are compared; the existence of the former is shown always to imply the latter.
- Decision Making with Linear Partial Information (L.P.I.)
- Decision Theory and Weak Statistical Dominance
- Entscheidungen bei unvollständiger Information
- scientific article; zbMATH DE number 3835691 (Why is no real title available?)
- scientific article; zbMATH DE number 3240941 (Why is no real title available?)
- Sensitivity of Decisions to Probability Estimation Errors: A Reexamination
- Fuzzy optimization: An appraisal
- Stochastic dominance under Bayesian learning
- Stochastic dominance tests for ranking alternatives under ambiguity
- Tools for interactive multiattribute decision making with incompletely identified information
- An interactive procedure for multiple attribute group decision making with incomplete information: Range-based approach
- Stochastic dominance with imprecise information
- Multiattribute utility functions, partial information on coefficients, and efficient choice
- Stochastic dominance representation of optimistic belief: theory and applications
- Dynamic stochastic dominance in bandit decision problems
- Portfolio diversification based on stochastic dominance under incomplete probability information
- Stochastically weighted stochastic dominance concepts with an application in capital budgeting
- Decision making with imprecise probabilities and utilities by means of statistical preference and stochastic dominance
- Decision making under uncertainty with unknown utility function and rank-ordered probabilities
- Scelta tra alternative incerte con informazioni parziali sulle funzioni di utilità
- scientific article; zbMATH DE number 3878662 (Why is no real title available?)
- Determining statistical dominance by linear programming
- What if we only have approximate stochastic dominance?
- Clear preferences under partial distribution information
- Pseudo stochastic dominance. Applications
- scientific article; zbMATH DE number 4185340 (Why is no real title available?)
- Stochastic dominance with incomplete information on probabilities
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