Higher-degree Stochastic Dominance Orders: Equivalence of Two Alternative Systems of Inequalities

6 Pages Posted: 10 Jan 2019

See all articles by Yi Fang

Yi Fang

Jilin University (JLU) - Center for Quantitative Economics

Thierry Post

Graduate School of Business of Nazarbayev University

Date Written: December 30, 2018

Abstract

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

Fang, Yi and Post, Thierry, Higher-degree Stochastic Dominance Orders: Equivalence of Two Alternative Systems of Inequalities (December 30, 2018). Available at SSRN: https://ssrn.com/abstract=3308138 or http://dx.doi.org/10.2139/ssrn.3308138

Yi Fang

Jilin University (JLU) - Center for Quantitative Economics ( email )

Changchun, Jilin 130012
China

Thierry Post (Contact Author)

Graduate School of Business of Nazarbayev University ( email )

53 Kabanbay Batyra Avenue
Astana, 010000
Kazakhstan

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