Stochastic dominance
id:
stochastic-dominance-161-7909297
title:
Stochastic dominance
text:
Stochastic dominance is a partial order between random variables. It is a form of stochastic ordering. The concept arises in decision theory and decision analysis in situations where one gamble can be ranked as superior to another gamble for a broad class of decision-makers. It is based on shared preferences regarding sets of possible outcomes and their associated probabilities. Only limited knowledge of preferences is required for determining dominance. Risk aversion is a factor only in second
brand slug:
wiki
category slug:
encyclopedia
description:
Partial order between random variables
original url:
https://en.wikipedia.org/wiki/Stochastic_dominance
date created:
2005-12-31T00:36:57Z
date modified:
2024-08-27T07:09:33Z
main entity:
{"identifier":"Q3713315","url":"https://www.wikidata.org/entity/Q3713315"}
image:
fields total:
13
integrity:
15