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Results tagged with stochastic-ordering
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user 284580
A stochastic order quantifies the concept of one random variable being "bigger" than another. These are usually partial orders.
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Stochastic dominance and mean preserving spread
I need someones help on understanding the concepts of stochastic dominance and mean preserving spread. I have an exercise which could be used for explanation.
Consider the following lotteries:
L1 ={ …
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