Econometric Analysis of Stochastic Dominance

Econometric Analysis of Stochastic Dominance
Author: Yoon-Jae Whang
Publisher: Cambridge University Press
Total Pages: 279
Release: 2019-01-31
Genre: Business & Economics
ISBN: 1108690475

This book offers an up-to-date, comprehensive coverage of stochastic dominance and its related concepts in a unified framework. A method for ordering probability distributions, stochastic dominance has grown in importance recently as a way to measure comparisons in welfare economics, inequality studies, health economics, insurance wages, and trade patterns. Whang pays particular attention to inferential methods and applications, citing and summarizing various empirical studies in order to relate the econometric methods with real applications and using computer codes to enable the practical implementation of these methods. Intuitive explanations throughout the book ensure that readers understand the basic technical tools of stochastic dominance.

Econometric Analysis of Stochastic Dominance

Econometric Analysis of Stochastic Dominance
Author: Yoon-Jae Whang
Publisher: Cambridge University Press
Total Pages: 279
Release: 2019-01-31
Genre: Business & Economics
ISBN: 1108472796

Provides a comprehensive analysis of stochastic dominance through coverage of concepts, methods of estimation, inferential tools, and applications.

Stochastic Dominance

Stochastic Dominance
Author: Haim Levy
Publisher: Springer Science & Business Media
Total Pages: 439
Release: 2006-08-25
Genre: Business & Economics
ISBN: 0387293116

This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: the stochastic dominance approach; the mean-variance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory. Each approach is discussed and compared. In addition, this volume examines cases in which stochastic dominance rules coincide with the mean-variance rule and considers how contradictions between these two approaches may occur.

Topics in Microeconomics

Topics in Microeconomics
Author: Elmar Wolfstetter
Publisher: Cambridge University Press
Total Pages: 394
Release: 1999-10-28
Genre: Business & Economics
ISBN: 9780521645348

This book in microeconomics focuses on the strategic analysis of markets under imperfect competition, incomplete information, and incentives. Part I of the book covers imperfect competition, from monopoly and regulation to the strategic analysis of oligopolistic markets. Part II explains the analytics of risk, stochastic dominance, and risk aversion, supplemented with a variety of applications from different areas in economics. Part III focuses on markets and incentives under incomplete information, including a comprehensive introduction to the theory of auctions, which plays an important role in modern economics.

Stochastic Dominance and Applications to Finance, Risk and Economics

Stochastic Dominance and Applications to Finance, Risk and Economics
Author: Songsak Sriboonchita
Publisher: CRC Press
Total Pages: 456
Release: 2009-10-19
Genre: Business & Economics
ISBN: 1420082671

Drawing from many sources in the literature, Stochastic Dominance and Applications to Finance, Risk and Economics illustrates how stochastic dominance (SD) can be used as a method for risk assessment in decision making. It provides basic background on SD for various areas of applications. Useful Concepts and Techniques for Economics ApplicationsThe

Studies in the Economics of Uncertainty

Studies in the Economics of Uncertainty
Author: Thomas B. Fomby
Publisher: Springer Science & Business Media
Total Pages: 233
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461389224

Studies in the Economics of Uncertainty presents some new developments in the economics of uncertainty produced by leading scholars in the field. The contributions to this Festschrift in honor of Professor Josef Hadar of Southern Methodist University cover a broad range of topics centered on the principle of Stochastic Dominance. Topics covered range from theoretical and statistical developments on Stochastic Dominance to new applications of the Stochastic Dominance Theory. The intended audience includes researchers interested in recent developments in tools used for decision-making under uncertainty as well as economists currently applying Stochastic Dominance principles to the analysis of the Theory of Firm, International Trade, and the Theory of Finance.

Stochastic Optimization Models in Finance

Stochastic Optimization Models in Finance
Author: William T. Ziemba
Publisher: World Scientific
Total Pages: 756
Release: 2006
Genre: Business & Economics
ISBN: 981256800X

A reprint of one of the classic volumes on portfolio theory and investment, this book has been used by the leading professors at universities such as Stanford, Berkeley, and Carnegie-Mellon. It contains five parts, each with a review of the literature and about 150 pages of computational and review exercises and further in-depth, challenging problems.Frequently referenced and highly usable, the material remains as fresh and relevant for a portfolio theory course as ever.

Poverty, Social Exclusion and Stochastic Dominance

Poverty, Social Exclusion and Stochastic Dominance
Author: Satya R. Chakravarty
Publisher: Springer Nature
Total Pages: 259
Release: 2019-10-15
Genre: Business & Economics
ISBN: 9811334323

This book honors the memory of Tony Atkinson, who made significant contributions to the rigorous study of income inequality, poverty, and redistribution. These essays presented, covering a span of over 30 years of research and scholarship, have been at the forefront of distributional analysis, and many of them are of prime importance for contemporary developments in the real-valued measurement of poverty and inequality, with particular reference to the concepts of fuzzy poverty assessment, vulnerability, heterogeneity/multidimensionality, unit consistency, sub-group decomposability, and dominance criteria. While all of these articles have been previously published—singly or with co-authorship—in a number of professional journals or distinguished edited volumes, this book is greatly enriched by a substantial introductions by the authors, which place the contributions in context, highlights their inter-connectedness, and relates them to the work of Tony Atkinson and other scholars. This book is of intrinsic value to welfare analysts, as well as being a tribute to a very great scholar by a fellow economist.