A note on first degree stochastic dominance

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

doi:10.1016/0165-1765(78)90004-6

A note on first degree stochastic dominance

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

Research output: Contribution to journal › Article › peer-review

Abstract

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 language	English
Pages (from-to)	315-319
Number of pages	5
Journal	Economics Letters
Volume	1
Issue number	4
DOIs	https://doi.org/10.1016/0165-1765(78)90004-6
State	Published - 1978
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(78)90004-6

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title = "A note on first degree stochastic dominance",

abstract = "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.",

author = "Hansen, \{L. P.\} and Holt, \{C. A.\} and D. Peled",

year = "1978",

doi = "10.1016/0165-1765(78)90004-6",

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volume = "1",

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AU - Hansen, L. P.

AU - Holt, C. A.

AU - Peled, D.

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AB - 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.

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U2 - 10.1016/0165-1765(78)90004-6

DO - 10.1016/0165-1765(78)90004-6

M3 - Article

AN - SCOPUS:49349133563

SN - 0165-1765

VL - 1

SP - 315

EP - 319

JO - Economics Letters

JF - Economics Letters

IS - 4

ER -

A note on first degree stochastic dominance

Abstract

ASJC Scopus subject areas

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