Higher-degree Stochastic Dominance Orders: Equivalence of Two Alternative Systems of Inequalities
6 Pages Posted: 10 Jan 2019
Date Written: December 30, 2018
The systems of inequalities for higher-degree stochastic dominance orders by Kallio and Hardoroudi (2018) are shown to be equivalent to the systems of inequalities by Fang (2014) and Fang and Post (2017), providing a validation of both sets of systems and existing empirical results based thereon.
Keywords: Decision making under risk; Stochastic Dominance; Convex Optimization
JEL Classification: B40, C61, D81
Suggested Citation: Suggested Citation