Stochastic dominance in mobility analysis

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...

Interactive approach in multicriteria analysis based on stochastic dominance

The paper considers a discrete stochastic multicriteria problem. This problem can be defined by a finite set of actions A, a set of attributes X and a set of evaluations E. It is assumed that the performance probability distributions for each action on each attribute are known. A new procedure for such a problem is proposed. It is based on two concepts: stochastic dominance and interactive appr...