Stochastic Dominance Analysis of iShares

Decision criteria in risk analysis : an application of stochastic dominance with respect to a function

Stochastic Dominance Analysis of Australian Income Distributions

We apply stochastic dominance tests to investigate trends in inequality in Australia over the period 1983 to 1998. Results show significant levels of inequalities in the income and expenditure distributions for the population as a whole as well as within population groups. We further find that the impact of the government’s tax and transfer redistribution scheme varied greatly among the differe...

Stochastic Dominance Analysis Without the Independence Axiom

Stochastic Dominance

The concept of Stochastic Dominance (SD) appeared in Economics in the context of the study of income distribution, where it provided various criteria for ranking income distributions according to classes of social welfare functions. Although stochastic dominance is still much in use for studies of income distribution and of poverty, more recently it has also found uses in financial economics, w...

Elitism and stochastic dominance

Élitisme et Dominance Stochastique Résumé La dominance stochastique est traditionnellement associée à la mesure du risque et de l'inégalité et repose sur la concavité de la fonction d'utilité. Nous prétendons que l'approche en terme de dominance stochastique a des implications qui vont au-delà de la mesure du risque et de l'inégalité pour peu que l'on procède à certains ajustements. Nous appliq...