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	<title>Strategy @ Risk &#187; Stochastic dominance</title>
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	<description>Understanding risk, creating value</description>
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		<title>The Value of Information</title>
		<link>http://www.strategy-at-risk.com/2010/03/15/the-value-of-information/</link>
		<comments>http://www.strategy-at-risk.com/2010/03/15/the-value-of-information/#comments</comments>
		<pubDate>Mon, 15 Mar 2010 18:47:39 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Forecasting]]></category>
		<category><![CDATA[Profit]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Stochastic]]></category>
		<category><![CDATA[Stochastic dominance]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1581</guid>
		<description><![CDATA[Enterprise risk management only has value to those who know that the future is uncertain]]></description>
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		<title>Selecting Strategy</title>
		<link>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/</link>
		<comments>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/#comments</comments>
		<pubDate>Wed, 22 Jul 2009 09:55:02 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Strategic choices]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Decision theory]]></category>
		<category><![CDATA[Decision tree]]></category>
		<category><![CDATA[Dominance]]></category>
		<category><![CDATA[Lower partial moment]]></category>
		<category><![CDATA[Real options]]></category>
		<category><![CDATA[Risk avers]]></category>
		<category><![CDATA[Risk-seeking]]></category>
		<category><![CDATA[Ruin aversion]]></category>
		<category><![CDATA[Stochastic dominance]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Upside potential ratio]]></category>
		<category><![CDATA[Utility]]></category>

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		<description><![CDATA[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.]]></description>
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