Third degree stochastic dominance is usually defined by stating two separate conditions. It is shown in this note that the second condition is superfluous, because it is already implied by the first one.
机构:
Jilin Univ, Ctr Quantitat Econ, Changchun 130012, Peoples R China
Jilin Univ, Business Sch, Changchun 130012, Peoples R ChinaJilin Univ, Ctr Quantitat Econ, Changchun 130012, Peoples R China
Fang, Yi
Post, Thierry
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机构:
Nazarbayev Univ, Grad Sch Business, Finance, Astana 010000, KazakhstanJilin Univ, Ctr Quantitat Econ, Changchun 130012, Peoples R China