Risk Averse Decisions in Business Planning

Autor:	Anne M. Dillinger, William E. Stein, Philip J. Mizzi
Rok vydání:	1992
Předmět:	Information Systems and Management Actuarial science Management of Technology and Innovation Strategy and Management Insurance policy Business decision mapping Economics Stochastic dominance Decision maker General Business Management and Accounting Decision analysis
Zdroj:	Decision Sciences. 23:1003-1008
ISSN:	1540-5915 0011-7315
DOI:	10.1111/j.1540-5915.1992.tb00431.x
Popis:	Second-order stochastic dominance is used to determine preferences among various investments for any risk-averse decision maker. On the other hand, when faced with choosing between different insurance policies or disaster plans, a risk-averse decision maker should use a type of stochastic dominance called variability ordering. In this situation, second-order stochastic dominance has been used in previous research and is incorrect.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::abb801fb55451970519e8488a25e8c1b https://doi.org/10.1111/j.1540-5915.1992.tb00431.x Zobrazit plný text záznamu Plný text