Department of Economics
Fishburn's convex stochastic dominance theorem is extended to cover arbitrary distributions. Third-order stochastic dominance, and situations for risk takers (averters) are discussed. A result on convex combinations of several continuous distributions is also generalized.
Ascending stochastic dominance, Descending stochastic dominance, Convex stochastic dominance, Risk takers, Risk averters
Source Publication Title
Link to Publisher's Edition
Wong, W., & Li, C. (1999). A note on convex stochastic dominance. Economics Letters, 62 (3). https://doi.org/10.1016/S0165-1765(98)00231-6