Almost Stochastic Dominance for Risk-Averse and Risk-Seeking Investors

Xu Guo, Wing-Keung Wong and Lixing Zhu

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Almost Stochastic Dominance; expected-utility maximization; risk averters; risk seekers. (search for similar items in EconPapers)
JEL-codes: C0 D81 G11 (search for similar items in EconPapers)
Date: 2014-02-01
New Economics Papers: this item is included in nep-cfn, nep-mic, nep-ore and nep-upt
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Related works:
Working Paper: Almost Stochastic Dominance for Risk-Averse and Risk-Seeking Investors (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53347

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