Auteur Pavlo R. Blavatskyy
Documents disponibles écrits par cet auteur (2)
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Article : texte imprimé
Pavlo R. Blavatskyy, Auteur |This paper presents a new model of probabilistic binary choice under risk. In this model, a decision maker always satisfies first-order stochastic dominance. If neither lottery stochastically dominates the other alternative, a decision maker cho[...]
Article : texte imprimé
The mean-variance approach is an influential theory of decision under risk proposed by Markowitz (Markowitz, H. 1952. Portfolio selection. J. Finance 7(1) 77–91). The mean-variance approach implies violations of first-order stochastic dominance [...]
