Stochastic Dominance and Applications to Finance, Risk and Economics
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Book 1
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Stochastic Dominance and Applications to Finance, Risk and Economics

Stochastic Dominance and Applications to Finance, Risk and Economics


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About the Book

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 ApplicationsThe

Table of Contents:
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.

About the Author :
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.

Review :
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


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Product Details
  • ISBN-13: 9781420082678
  • Publisher: Taylor & Francis Ltd
  • Publisher Imprint: Chapman & Hall/CRC
  • Language: English
  • ISBN-10: 1420082671
  • Publisher Date: 19 Oct 2009
  • Binding: Digital (delivered electronically)


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