Stochastic dominance with pair-wise risk aversion (Q1068671)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Stochastic dominance with pair-wise risk aversion |
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Stochastic dominance with pair-wise risk aversion (English)
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1985
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A class of stochastic orders is defined on the set of bivariate distribution functions. This class of orders is linearly orderable by inclusion. A family of utility functions, coherent with each of the stochastic orders previously defined, is determined. These utility functions represent pair-wise risk aversion. The relations with univariate stochastic orders are examined.
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stochastic dominance
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stochastic orders
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bivariate distribution functions
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pair-wise risk aversion
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