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All Posts Tagged With: "Stochastic dominance"

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The Value of Information

Enterprise risk management only has value to those who know that the future is uncertain

2010 © | S@R | 0 comments | Continued
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Selecting Strategy

When there is no uncertainty the maximum return criterion can be used to rank strategies. With uncertainty we have to look for the strategy that maximizes the firms expected utility.

2009 © | S@R | 0 comments | Continued