On the separation of preferences among marked point process wager alternatives

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Title: On the separation of preferences among marked point process wager alternatives
Author: Park, Jee Hyuk
Abstract: A wager is a one time bet , staking money on one among a collection of alternatives having uncertain reward . Wagers represent a common class of engineering decision , where ?bets ? are placed on the design , deployment , and /or operation of technology . Often such wagers are characterized by alternatives having value that evolves according to some future cash flow . Here , the values of specific alternatives are derived from a cash flow modeled as a stochastic marked point process . A principal difficulty with these engineering wagers is that the probability laws governing the dynamics of random cash flow typically are not (completely ) available ; hence , separating the gambler ?s preference among wager alternatives is quite difficult . In this dissertation , we investigate a computational approach for separating preferences among alternatives of a wager where the alternatives have values that evolve according to a marked point processes . We are particularly concerned with separating a gambler ?s preferences when the probability laws on the available alternatives are not completely specified .
URI: http : / /hdl .handle .net /1969 .1 /ETD -TAMU -2757
Date: 2009-05-15

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On the separation of preferences among marked point process wager alternatives. Available electronically from http : / /hdl .handle .net /1969 .1 /ETD -TAMU -2757 .

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