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

Author

Listed:
  • Xu, Guo
  • Wing-Keung, Wong
  • Lixing, Zhu
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.

Suggested Citation

  • Xu, Guo & Wing-Keung, Wong & Lixing, Zhu, 2013. "Almost Stochastic Dominance for Risk-Averse and Risk-Seeking Investors," MPRA Paper 51744, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51744
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Almost Stochastic Dominance; expected-utility maximization; risk averters; risk seekers.;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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