英语翻译If the SMD is not verified,we can try the higher degree dominance TMD.The TMD is proven for a concave class of utility functions with decreasing absolute risk aversion (see Whitmore,1970).Higher degree dominances than the TSD demand highe
来源:学生作业帮助网 编辑:六六作业网 时间:2024/12/19 21:58:55
英语翻译If the SMD is not verified,we can try the higher degree dominance TMD.The TMD is proven for a concave class of utility functions with decreasing absolute risk aversion (see Whitmore,1970).Higher degree dominances than the TSD demand highe
英语翻译
If the SMD is not verified,we can try the higher degree dominance TMD.The TMD is proven for a concave class of utility functions with decreasing absolute risk aversion (see Whitmore,1970).Higher degree dominances than the TSD demand higher
degree derivatives of the utility function,and they are not often observed in practice.Moreover,in the probabilistic case,according to Levy and Sarnat (1894),first-degree stochastic dominance (FSD) is observed in about 60% of comparisons between two probability distributions.If we add the second-order (SSD) or third-order (TSD) stochastic dominance cases to the FSD,cases we obtain a sufficiently high percentage of situations in which we could conclude that ‘‘ai is at least as good as aj’’ (see Zaras and Martel,1994).
英语翻译If the SMD is not verified,we can try the higher degree dominance TMD.The TMD is proven for a concave class of utility functions with decreasing absolute risk aversion (see Whitmore,1970).Higher degree dominances than the TSD demand highe
如果未验证贴片的,我们可以尝试更高程度的主导地位战区导弹防御系统.TMD的是一个递减的绝对风险厌恶效用函数的凹类证明(见惠特莫尔,1970年).比在TSD要求更高程度较高dominances
程度衍生物的效用函数,他们是不是经常在实践中观察.此外,在概率的情况下,根据(1894)征收和Sarnat,学士学位随机优势(FSD)是观察到约60%的两个概率分布之间的比较.如果我们加上消防处,二阶(SSD)或(TSD),三阶随机占优案件情况下,我们取得的情况下,足够高的百分比,我们可以得出结论,'AI至少AJ“好“(见Zaras和马特尔,1994年).