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

Stochastic Dominance and Applications to Finance, Risk and Economics (eBook, PDF)

• Format: PDF

Produktbeschreibung

This accessible guide helps readers build a useful repertoire of mathematical tools in decision making under uncertainty, especially in investment science. It uses real data and statistical procedures, such as hypothesis testing, to show how SD theory is applied in financial situations. The book introduces utility theory for decision making under risk and discusses various research issues, such as how to use empirical data to arrive at decisions and how to conduct statistical tests when the data is coarse. It also explores numerous applications, including financial diversification, evaluating hedge funds, and income inequality.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 455
• Erscheinungstermin: 19. Oktober 2009
• Englisch
• ISBN-13: 9781420082678
• Artikelnr.: 57533974

Autorenporträt

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.

Inhaltsangabe

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.