Abstract
Stochastic dominance is a term which refers to a set of relations that may hold between a pair of distributions. A very common application of stochastic dominance is to the analysis of income distributions and income inequality, the main focus in this article. The concept can, however, be applied in many other domains, in particular financial economics, where the distributions considered are usually those of the random returns to various financial assets. In what follows, there are often clear analogies between things expressed in terms of income distributions and financial counterparts.
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