Stochastic Dominance and Applications to Finance, Risk and Economics (Paperback)

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 Applications The majority of the text presents a systematic exposition of SD, emphasizing rigor and generality. It covers utility theory, multivariate SD, quantile functions, risk modeling, Choquet integrals, other risk measures, statistical inference, nonparametric estimation, hypothesis testing, and econometrics. The remainder of the book explores new applications of SD in finance, risk, and economics. At the beginning of each economic concept, the authors clearly explain only the necessary mathematics so readers are not overburdened with learning nonessential, arduous mathematics. This accessible guide helps readers build a useful repertoire of mathematical tools in decision making under uncertainty, especially in investment science. It provides thorough coverage on the theory of SD, along with many applications to economics and other fields where risk is crucial.

General

Imprint:	Crc Press
Country of origin:	United Kingdom
Release date:	June 2017
First published:	2010
Authors:	Songsak Sriboonchita • Wing-Keung Wong • Sompong Dhompongsa • Hung T. Nguyen
Dimensions:	234 x 156mm (L x W)
Format:	Paperback
Pages:	455
ISBN-13:	978-1-138-11799-0
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Finance & accounting > Finance > General Books > Money & Finance > General
LSN:	1-138-11799-4
Barcode:	9781138117990

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