Conditional convex orders and measurable martingale couplings (Q2405124)

This paper provides a characterisation of the existence of a coupling between two probability kernels over a measurable space \(S\). It turns out that such a coupling exists if and only if the probability distributions induced at each point of \(S\) follow a certain convex stochastic ordering. The authors also consider the convex ordering of two random variables conditioned on a third one. They give a characterisation of this in terms of the existence of a special coupling between the three random variables.