Estimation of the General Measure of Stochastic Non-Dominance

Abstrakt

The presentation at the Mathematical Methods in Economics 2023 conference dealt with the general measure of stochastic non-dominance. It was developed to understand the situations when stochastic dominance rules are broken.

We are able to estimate it by a numerical study, in which we approximate complicated distributions by discrete distributions with equiprobable atoms.

Klíčová slova

• stochastic dominance
• measure of stochastic non-dominance
• approximation