A class of bivariate stochastic orderings, with applications in actuarial sciences (Q1293810): Difference between revisions

A class of stochastic orderings is developed for bivariate random variables based on a special case of integral stochastic orderings: \(X\leq Y\) when \(E\varphi(X)\leq E\varphi(Y)\) for all \(\varphi\in{\mathcal F}\). The class of \(s\)-convex functions \({\mathcal U}^S_{\text{s-cx}}=\{\varphi:S\to R\mid \partial^{s_1+s_2}\varphi/ \partial x_1^{s_1}\partial x_2^{s_2} \geq 0\) on \(S\}\), its dual form, limiting cases, and generators are investigated. It is shown how other stochastic orderings can be embedded this way, and a simple actuarial example is given.