Stochastic Dominance and Applications to Finance, Risk and Economics

Hung T. Nguyen, Wing-Keung Wong, Songsak Sriboonchita, Sompong Dhompongsa — 2009

Drawing from many sources in the literature, Stochastic Dominance and Applications to Finance, Risk and Economics illustrates how stochastic dominance (SD) can be used as a method for risk assessment in decision making. It provides basic background on SD for various areas of applications. Useful Concepts and Techniques for Economics ApplicationsThe