Approximation methods for ranking risky investment alternatives
开发了基于确定性等价结果的风险投资方案排序准则，并利用分布的中心矩近似计算确定性等价结果，为风险厌恶投资者提供排序依据。
Abstract The paper develops and illustrates the application of criteria for ranking risky investment alternatives that are based on their certainly equivalent ( ce ) outcomes and determines expressions for approximating the ce outcomes by means of the central moments of their distribution. The paper develops criteria on the basis of the ce outcomes for determining a complete ranking of risky investment alternatives that can represent the choice of many – though not all – risk‐averse agents.