The Subclasses of First-Degree Stochastic Dominance (FSD) Shifts and Their Comparative Statics

Iltae Kim,Soojong Kim,Suyeol Ryu

doi:10.1007/978-981-15-3300-6_9

The Subclasses of First-Degree Stochastic Dominance (FSD) Shifts and Their Comparative Statics

Iltae Kim, Soojong Kim + Show 1 more

https://doi.org/10.1007/978-981-15-3300-6_9

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Publication Date: Jan 1, 2020

Affiliation: Chonnam National University, Board of Audit and Inspection, Andong National University

#First-Degree Stochastic Dominance #Stochastic Dominance Shifts + Show 8 more

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Abstract

This chapter reviews cumulative distribution function (CDF) difference approach, the ratio approach, and the deterministic transformation approach specifying common restrictions to impose on the changes in the random variable and examines definitions, graphical examples and the comparative statics results of subsets of First-degree Stochastic Dominance (FSD) shifts. This chapter also presents some properties among these subclasses of FSD shifts used in obtaining general comparative statics results.

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