A note on first degree stochastic dominance

L. P. Hansen, C. A. Holt, D. Peled

Research output: Contribution to journalArticlepeer-review


A link is established between stochastic dominance and a different dominance relationship which we call pointwise dominance. This provides the basis for making several comparisons of expected values of non-decreasing functions of random variables. We discuss economic problems for which the application of stochastic dominance results depends on this link.

Original languageEnglish
Pages (from-to)315-319
Number of pages5
JournalEconomics Letters
Issue number4
StatePublished - 1978
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


Dive into the research topics of 'A note on first degree stochastic dominance'. Together they form a unique fingerprint.

Cite this