Browsing by Subject "Stochastic dominance"

Now showing items 1-2 of 2

    • Almost Stochastic Dominance: Magnitude Constraints on Risk Aversion 
      Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-06-01)
      Almost stochastic dominance (ASD) extends conventional first and second degree stochastic dominance by placing restrictions on the variability in the first and second derivatives of utility. Such restrictions increase the ...
    • The Increase Convex Order and the Tradeoff of Size for Risk 
      Liu, Liqun; Meyer, Jack (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2014-02-01)
      One random variable is larger than another in the increasing convex order if that random variable is preferred or indifferent to the other by all decision makers with increasing and convex utility functions. Decision makers ...