CONCEPT AND APPLICATION OF STOCHASTIC DOMINANCE IN INVESTMENTS

Otieno Wesley Okoth

dc.contributor.author	Otieno Wesley Okoth
dc.date.accessioned	2024-02-15T12:41:53Z
dc.date.available	2024-02-15T12:41:53Z
dc.date.issued	2020
dc.identifier.issn	2348-3156 (Print)
dc.identifier.issn	,2348-3164 (online)
dc.identifier.uri	http://localhost:8080/xmlui/handle/123456789/594
dc.description	The research article is about the concepts and application of Stochastic dominance (SD) in investment as a fundamental concept in decision theory.	en_US
dc.description.abstract	Stochastic dominance (SD) is a fundamental concept in decision theory. The term is used in decision theory and decision analysis to refer to situations where one gamble (a probability distribution over possible outcomes, also known as prospects) can be ranked as superior to another gamble. It is based on preferences regarding outcomes. It is associated with choice, on outcome of distribution and uncertainty in investment parlance. It is a form of stochastic ordering. A preference might be a simple ranking of outcomes from favorite to least favored, or it might also employ a value measure (i.e., a number associated with each outcome that allows comparison of multiples of one outcome with another, such as two instances of winning a dollar vs. one instance of winning two dollars.)	en_US
dc.language.iso	en_US	en_US
dc.publisher	International Journal of Social Science and Humanities Research	en_US
dc.subject	Stochastic dominance (SD), investment, Decision theory.	en_US
dc.title	CONCEPT AND APPLICATION OF STOCHASTIC DOMINANCE IN INVESTMENTS	en_US
dc.type	Article	en_US