Guo, Xu and Wong, Wing-Keung and Zhu, Lixing (2014): Almost Stochastic Dominance for Risk-Averse and Risk-Seeking Investors.
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Abstract
In this paper we first develop a theory of almost stochastic dominance for risk-seeking investors to the first three orders. Thereafter, we study the relationship between the preferences of almost stochastic dominance for risk-seekers with that for risk averters.
Item Type: | MPRA Paper |
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Original Title: | Almost Stochastic Dominance for Risk-Averse and Risk-Seeking Investors |
English Title: | Almost Stochastic Dominance for Risk-Averse and Risk-Seeking Investors |
Language: | English |
Keywords: | Almost Stochastic Dominance, expected-utility maximization, risk averters, risk seekers. |
Subjects: | C - Mathematical and Quantitative Methods > C0 - General D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions |
Item ID: | 53347 |
Depositing User: | Wing-Keung Wong |
Date Deposited: | 18 Aug 2014 09:36 |
Last Modified: | 27 Sep 2019 04:21 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/53347 |