Stochastic Dominance of Any Type and Any Degree, and Expected Utility: A Unifying Approach
Résumé
This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each nal or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this general framework and shows, as particular cases, the properties of some varieties of stochastic dominance usually neglected in standard literature.
Domaines
Economies et finances
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Lapidus - Stochastic dominance and expected utility - v2.7.pdf (369.82 Ko)
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