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Stochastic Dominance and Applications to Finance, Risk and Economics
Engelsk
Bogcover for Stochastic Dominance and Applications to Finance, Risk and Economics af Songsak Sriboonchita, Hung T. Nguyen, Wing-Keung Wong, Sompong Dhompongsa, 9781138117990
Specifikationer
Sprog:
Engelsk
Sider:
456
ISBN-13:
9781138117990
Indbinding:
Paperback
ISBN-10:
1138117994
Udg. Dato:
28 jun 2017
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
28 jun 2017

Stochastic Dominance and Applications to Finance, Risk and Economics

Engelsk
Paperback 2017
Format:

Bog beskrivelse

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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Specifikationer
Sprog:
Engelsk
Sider:
456
ISBN-13:
9781138117990
Indbinding:
Paperback
ISBN-10:
1138117994
Udg. Dato:
28 jun 2017
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
28 jun 2017
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