Tomas Lågland (University of Edinburgh)

Choosing between random variables
Wednesday 23 March 2005 at 15.30, JCMB 5327

Abstract

We consider the decision-making situation of choosing between elements of a given set of random variables. The concepts of efficient sets and mean-risk models are introduced. There is special focus on discrete random variables with probabilities fixed.

Mean-risk models are discussed with respect to preservation of convexity and stochastic dominance consistency. Interpretations are made in terms of the geometry of the disperson space and its dual.

Seminars by year

Current 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996