Stochastic Dominance
نویسنده
چکیده
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, where it is used to rank returns from different assets.
منابع مشابه
Decision criteria in risk analysis : an application of stochastic dominance with respect to a function
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