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Stochastic Dominance and Applications to Finance, Risk and Economics - Hardcover

Sriboonchita, Songsak; Wong, Wing-Keung; Dhompongsa, Sompong; Nguyen, Hung T.

 
9781420082661: Stochastic Dominance and Applications to Finance, Risk and Economics
Hardcover
ISBN 10: 1420082663 ISBN 13: 9781420082661
Verlag: Taylor & Francis Ltd, 2009

Inhaltsangabe

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.

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Über die Autorin bzw. den 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.

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Verlag
Taylor & Francis Ltd
Erscheinungsdatum
2009
Sprache
Englisch
ISBN 10 
1420082663
ISBN 13 
9781420082661
Einband
Gebundene Ausgabe
Anzahl der Seiten
455
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
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