Too many financial decisions are made without factoring in the time value of money. Whether providing financial planning advice related to a client’s retirement, advising a client about a business ...

The purpose of this article is to set up some apparently acceptable axioms about rational choices in situations, where each alternative decision has an infinite number of sure outcomes which occur ...

This paper extends previous work on the distribution-free newsvendor problem, where only partial information about the demand distribution is available. More specifically, the analysis assumes that ...