Stochastic dominance efficient sets and stochastic spanning
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DOI: 10.1007/s10203-021-00325-y
Abstract: We derive sufficient conditions for non-emptiness of the efficient sets for stochastic dominance relations, usually employed in economics and finance. We do so via the concept of stochastic spanning and its characterization by a saddle-type… read more here.
Keywords: efficient sets; finance; stochastic dominance; sets stochastic ... See more keywords