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Related Faculty

Ilia Tsetlin
Professor of Decision Sciences
Journal Article
Muller A., Scarsini M., Tsetlin I., Winkler R. L. (2022). Technical Note - Ranking Distributions When Only Means and Variances Are Known Operations Research
Consider a choice between two random variables, for which only means and variances are known. Is it possible to rank them by putting some constraints on risk preferences?