Multivariate Almost Stochastic Dominance
Publication
, Journal Article
Tsetlin, I; Winkler, RL
Published in: Journal of Risk and Insurance
June 1, 2018
Almost stochastic dominance allows small violations of stochastic dominance rules to avoid situations where most decision makers prefer one alternative to another but stochastic dominance cannot rank them. We present the concepts of multivariate almost stochastic dominance and multivariate almost nth-degree risk and their connections with a preference for combining good with bad. Then, we show how a preference for combining good with bad can be applied to obtain various comparative statics results, and we extend our approach to risk-prone (convex) stochastic dominance, which relates to the opposite preference, for combining good with good and bad with bad.
Duke Scholars
Published In
Journal of Risk and Insurance
DOI
EISSN
1539-6975
ISSN
0022-4367
Publication Date
June 1, 2018
Volume
85
Issue
2
Start / End Page
431 / 445
Related Subject Headings
- Finance
- 1502 Banking, Finance and Investment
Citation
APA
Chicago
ICMJE
MLA
NLM
Tsetlin, I., & Winkler, R. L. (2018). Multivariate Almost Stochastic Dominance. Journal of Risk and Insurance, 85(2), 431–445. https://doi.org/10.1111/jori.12222
Tsetlin, I., and R. L. Winkler. “Multivariate Almost Stochastic Dominance.” Journal of Risk and Insurance 85, no. 2 (June 1, 2018): 431–45. https://doi.org/10.1111/jori.12222.
Tsetlin I, Winkler RL. Multivariate Almost Stochastic Dominance. Journal of Risk and Insurance. 2018 Jun 1;85(2):431–45.
Tsetlin, I., and R. L. Winkler. “Multivariate Almost Stochastic Dominance.” Journal of Risk and Insurance, vol. 85, no. 2, June 2018, pp. 431–45. Scopus, doi:10.1111/jori.12222.
Tsetlin I, Winkler RL. Multivariate Almost Stochastic Dominance. Journal of Risk and Insurance. 2018 Jun 1;85(2):431–445.
Published In
Journal of Risk and Insurance
DOI
EISSN
1539-6975
ISSN
0022-4367
Publication Date
June 1, 2018
Volume
85
Issue
2
Start / End Page
431 / 445
Related Subject Headings
- Finance
- 1502 Banking, Finance and Investment