Multivariate Discrete First Order Stochastic Dominance

Publikation: Working paperForskning

Dokumenter

  • 0723

    Forlagets udgivne version, 168 KB, PDF-dokument

This paper characterizes the principle of first order stochastic dominance in a multivariate discrete setting. We show that a distribution  f first order stochastic dominates distribution g if and only if  f can be obtained from g by iteratively shifting density from one outcome to another that is better. For the bivariate case, we develop the theoretical basis for an algorithmic dominance test that is easy to implement
OriginalsprogEngelsk
UdgiverDepartment of Economics, University of Copenhagen
Antal sider25
StatusUdgivet - 2007

Bibliografisk note

JEL Classification: D63, I32, O15

Antal downloads er baseret på statistik fra Google Scholar og www.ku.dk


Ingen data tilgængelig

ID: 1337736