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Stochastic Dominance

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Concepts similar to stochastic dominance have been known for many years, but the
three papers published by Hadar and Russell and Hanoch and Levy in 1969 and by
Rothschild and Stiglitz in 19701 paved the way for a new paradigm called stochastic
dominance (SD), with hundreds of studies following these three studies. While
Hanoch and Levy and Hadar and Russell developed First and Second degree SD
rules (FSD and SSD rules), the focus of the paper by Rothschild and Stiglitz is
mainly on the definition of risk and how to quantify it. By searching for the
appropriate risk measure, they developed SSD rule for prospects with equal means

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Detail Information

Series Title

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Call Number

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Publisher

London : Springer., 2016

Collation

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Language

English

ISBN/ISSN

978-3-319-21708-6

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Mathematics Computer

Specific Detail Info

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Statement of Responsibility

Haim Levy

Other Information

Cataloger

Jemadi

Source

https://link.springer.com/content/pdf/10.1007/978-3-319-21708-6.pdf?pdf=button

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