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Zusatztext The book helps readers in building a useful repertoire of mathematical tools in decision making under uncertainty, especially in investment science, and provides thorough coverage on the theory of SD, along with many applications to economics and other fields where risk is crucial. Given these, it may be used as a textbook for a course on stochastic dominance for beginners as well as a solid reference book for researchers, especially in the field of economics. — Zentralblatt MATH 1180 Informationen zum Autor Songsak Sriboonchitta is an associate professor and dean of the Faculty of Economics at Chiang Mai University in Thailand. Wing-Keung Wong is a professor of economics at Hong Kong Baptist University in China. Sompong Dhompongsa is a professor of mathematics at Chiang Mai University in Thailand. Hung T. Nguyen is a professor of mathematical sciences at New Mexico State University in Las Cruces. Klappentext This book covers stochastic dominance from an economic context through utility theory! risk investment! and risk behavior. It uses empirical science to validate stochastic dominance through both parametric and nonparametric hypothesis testing. It also includes material on various types of data! such as imprecise! missing! and censored data. After a chapter on statistics for risk analysis! the text explores many applications relating to profit and loss for business planning! international trade! analysis of Asian hedge funds! and more. The last chapter considers research issues on the stochastic dominance approach to decision making. Problems are provided at the end of each chapter. Zusammenfassung A guide that 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. Inhaltsverzeichnis Utility in Decision Theory. Foundations of Stochastic Dominance. Issues in Stochastic Dominance. Financial Risk Measures. Choquet Integrals as Risk Measures. Foundational Statistics for Stochastic Dominance. Models and Data in Econometrics. Applications to Finance. Applications to Risk Management. Applications to Economics. Appendix. Bibliography. Index. ...
