时间支配效率分析

Time Dominance Efficiency Analysis

Journal of Finance · 1981
被引 31
人大 A+FT50UTD24ABS 4*

中文导读

在随机支配框架基础上提出时间支配效率分析,用于按净现值对时间性方案进行部分排序,无需定量时间偏好信息。通过集合时间支配剔除无人会选的二元非支配项目,最小化时间有效集。

Abstract

ABSTRACT Building on the stochastic dominance framework, time dominance efficiency analysis provides similar rules for a partial ordering of temporal prospects. Time dominance does not require any quantitative information about temporal preferences for screening decision alternatives according to their net present values. A binary time dominance proposition extends recent sufficient conditions and adds necessity. The paper's main contribution is the development of set time dominance. By eliminating binary undominated projects which no one would choose, set time dominance minimizes time efficient sets without imposing further preference assumptions.

时间占优效率集合时间占优净现值决策筛选