Preferred by “All” and Preferred by “Most” Decision Makers: Almost Stochastic Dominance

References

  • Baumol W. J. An expected gain in confidence limit criterion for portfolio selection. Management Sci. (1963) 10:174–182LinkGoogle Scholar
  • Benartzi S., Thaler R. H. Risk aversion or myopia? Choices in repeated gambles and retirement investments. Management Sci. (1999) 45(3):364–381LinkGoogle Scholar
  • Bernstein P. L. The time of your life. J. Portfolio Management (1976) 2(4):4–7CrossrefGoogle Scholar
  • Fishburn P. C.Decision and Values Theory (1964) (Wiley, New York) Google Scholar
  • Hadar J., Russell W. R. Rules for ordering uncertain prospects. Amer. Econom. Rev. (1969) 59:25–34Google Scholar
  • Hanoch G., Levy H. The efficiency analysis of choices involving risk. Rev. Econom. Stud. (1969) 36:335–346CrossrefGoogle Scholar
  • Hanoch G., Levy H. Efficient portfolio selection with quadratic and cubic utility. J. Bus. (1970) 43:181–189CrossrefGoogle Scholar
  • Ibbotson Associates2001 Stocks, Bonds, Bills, and Inflation Classic Edition Yearbook (2001) (Ibbotson Associates, Chicago, IL) Google Scholar
  • Levy H. Stochastic dominance and expected utility: Survey and analysis. Management Sci. (1992) 38(4):555–593LinkGoogle Scholar
  • Levy H. Investment diversification and investment specialization of the assumed holding period. Appl. Math. Finance (1996) 3:117–134CrossrefGoogle Scholar
  • Levy H.Stochastic Dominance: Investment Decision Making Under Uncertainty (1998) (Kluwer Academic Publishers, Boston, MA) CrossrefGoogle Scholar
  • Markowitz H. M. Portfolio selection. J. Finance (1952) 7:77–91Google Scholar
  • Meyer J. Choice among distributions. J. Econom. Theory (1977a) 14:326–336CrossrefGoogle Scholar
  • Meyer J. Second degree stochastic dominance with respect to a function. Internat. Econom. Rev. (1977b) 18:477–487CrossrefGoogle Scholar
  • Rothschild M., Stiglitz J. E. Increasing risk: I. definition. J. Econom. Theory (1970) 2:225–243CrossrefGoogle Scholar
  • Samuelson P. A. The long-term case for equities. J. Portfolio Management (1994) 21(1):15–24CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.