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Stochastic dominance and applications to finance, risk and economics /

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This accessible guide helps readers build a useful repertoire of mathematical tools in decision making under uncertainty, especially in investment science. It uses real data and statistical procedures, such as hypothesis testing, to show how SD theory is applied in financial situations. The book int...

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Bibliographic Details
Corporate Author: Taylor & Francis
Other Authors: Songsak Sriboonchitta
Format: eBook
Language:English
Published: Boca Raton : CRC Press, ©2010.
Subjects:
Finance > Mathematical models.
Stochastic processes.
Risk > Mathematical models.
Statistical decision.
Economics.
Mathematical models.
Risk.
Decision making > Mathematical models.
Economics
Models, Theoretical
Stochastic Processes
Risk
Decision Support Techniques
Finances > Modèles mathématiques.
Processus stochastiques.
Risque > Modèles mathématiques.
Prise de décision (Statistique)
Économie politique.
Modèles mathématiques.
Risque.
Prise de décision > Modèles mathématiques.
economics.
mathematical models.
BUSINESS & ECONOMICS > Economics > Theory.
Mathematical models
Decision making > Mathematical models
Finance > Mathematical models
Risk > Mathematical models
Statistical decision
Stochastic processes
Entscheidungstheorie.
Risiko.
Präferenztheorie.
Wissenschaftliche Methode.
Theorie.
Electronic books.
Online Access:Connect to the full text of this electronic book
Description
Summary:This accessible guide helps readers build a useful repertoire of mathematical tools in decision making under uncertainty, especially in investment science. It uses real data and statistical procedures, such as hypothesis testing, to show how SD theory is applied in financial situations. The book introduces utility theory for decision making under risk and discusses various research issues, such as how to use empirical data to arrive at decisions and how to conduct statistical tests when the data is coarse. It also explores numerous applications, including financial diversification, evaluating.
Physical Description:1 online resource (xii, 443 pages)
Bibliography:Includes bibliographical references and index.
ISBN:9781420082678
1420082671