A note on almost stochastic dominance

Xu Guo, Xuehu Zhu, Wing Keung Wong, Lixing Zhu

Research output: Contribution to journalArticlepeer-review

21 Scopus citations

Abstract

Both the expected-utility maximization and the hierarchy property are very important properties in stochastic dominance. For almost stochastic dominance, Leshno and Levy (2002) propose a definition and Tzeng etal. (2013) modified it to give another definition. This note provides more information on the two definitions. The former has the hierarchy property but not the expected-utility maximization, whereas the latter has the expected-utility maximization but not the hierarchy property.

Original languageEnglish (US)
Pages (from-to)252-256
Number of pages5
JournalEconomics Letters
Volume121
Issue number2
DOIs
StatePublished - Nov 2013

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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