Buch, Englisch, 439 Seiten, Previously published in hardcover, Format (B × H): 155 mm x 235 mm, Gewicht: 686 g
Investment Decision Making under Uncertainty
Buch, Englisch, 439 Seiten, Previously published in hardcover, Format (B × H): 155 mm x 235 mm, Gewicht: 686 g
Reihe: Studies in Risk and Uncertainty
ISBN: 978-1-4419-3983-8
Verlag: Springer US
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.
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensforschung
- Mathematik | Informatik Mathematik Stochastik
- Mathematik | Informatik Mathematik Operations Research
- Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Entscheidungstheorie, Sozialwahltheorie
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
- Wirtschaftswissenschaften Betriebswirtschaft Management Entscheidungsfindung
Weitere Infos & Material
On the Measurement of Risk.- Expected Utility Theory.- Stochastic Dominance Decision Rules.- Stochastic Dominance: The Quantile.- Algorithms for Stochastic Dominance.- Stochastic Dominance with Specific Distributions.- The Empirical Studies.- Applications of Stochastic Dominance Rules.- Stochastic Dominance and Risk Measures.- Stochastic Dominance and Diversification.- Decision Making and the Investment Horizon.- The CAMP and Stochastic Dominance.- Almost Stochastic Dominance (ASD).- Non-Expected Utility and Stochastic Dominance.- Stochastic Dominance and Prospect Theory.- Future Research.
