Application of third order stochastic dominance algorithm in investments ranking

The paper presents the use of third order stochastic dominance in ranking Investment alternatives, using TSD algorithms (Levy, 2006)for testing third order stochastic dominance. The main goal of using TSD rule is minimization of efficient investment set for investor with risk aversion, who prefers m...

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Bibliographic Details
Main Authors: Lončar Sanja, Tepavac Emina
Format: Article
Language:English
Published: Visoka poslovna škola strukovnih studija, Novi Sad 2012-01-01
Series:Škola Biznisa
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511202119L.pdf