In this paper we shall study the proportions of the financial assets in optimal portfolios, where the portfolio is optimized by the maximization of its expected utility with respect to a given utility function. Our main goal is to investigate the magnitude of the proportions of the assets in optimal portfolios provided that the assets’ distributions display a certain type of stochastic dominanc...

Stochastic Dominance (SD) criteria are decision making tools which allow us to choose among various strategies with only partial information on the decision makers' preferences. The notion of Stochastic Dominance has been extensively employed and developed in the area of economics, finance, agriculture, statistics, marketing and operation research since the late 1960s. For example, it may tell ...

Both stochastic dominance and Omegaratio can be used to examine whether the market is efficient, whether there is any arbitrage opportunity in the market and whether there is any anomaly in the market. In this paper, we first study the relationship between stochastic dominance and the Omega ratio. We find that second-order stochastic dominance (SD) and/or second-order risk-seeking SD (RSD) alon...

The modeling of complex risk situations imposes the existence of multiple ways to represent the risk and compare the risk situations between them. In probabilistic models, risk is described by random variables and risk situations are compared by stochastic dominance. In possibilistic or credibilistic models, risk is represented by fuzzy variables. This paper concerns three indicators of dominan...

Well-being of female-headed Indian households: A multidimensional analysis using nonparametric stochastic dominance Presenters" (July 23, 2015).