Almost stochastic dominance for risk averters and risk seeker

descriptionPublicationkeyboard_double_arrow_right Article 01 Nov 2016 English Publisher:Elsevier BVJournal:Finance Research Letters, volume 19, pages 15-21 (issn: 1544-6123,

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Authors: Xu Guo; Wing-Keung Wong; Lixing Zhu;

doi: 10.1016/j.frl.2016.05.005

Almost stochastic dominance for risk averters and risk seeker

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Abstract

Abstract In this paper we first extend the theory of almost stochastic dominance (ASD) (for risk averters) to include the ASD for risk-seeking investors. We then study the relationship between ASD for risk seekers and ASD for risk averters. Recently, Tsetlin, et al.(2015) develop the theory of generalized ASD (GASD). We then briefly discuss the advantages and disadvantages of ASD and GASD.

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