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Graduate Expected Value and First Order Stochastic Dominance
Great! Thanks a lot. That's what I guessed too but just wanted to make sure. I appreciate your fast reply.- odck11
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- Forum: Set Theory, Logic, Probability, Statistics
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Graduate Expected Value and First Order Stochastic Dominance
Dear All: Given two random variables X and Y, if I have established the relationship E[X]>=E[Y], does this necessarily imply that X must have a first-order-stochastic dominance over Y? I know that first order stochastic dominance implies that the mean value of the dominating random...- odck11
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- Expected value First order Stochastic Value
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- Forum: Set Theory, Logic, Probability, Statistics