×

zbMATH — the first resource for mathematics

Stochastic dominance and expected utility: Survey and analysis. (English) Zbl 0764.90004
Summary: While Stochastic Dominance has been employed in various forms as early as 1932, it has only been since 1969-1970 that the notion has been developed and extensively employed in the area of economics, finance, agriculture, statistics, marketing and operations research. In this survey, the first- , second- and third-order stochastic dominance rules are discussed with an emphasis on the development in the area since the 1980s.

MSC:
91B06 Decision theory
91B16 Utility theory
90-02 Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming
PDF BibTeX XML Cite
Full Text: DOI