Chan, Raymond H.; Clark, Ephraim; Wong, Wing-Keung - Volkswirtschaftliche Fakultät, … - 2012
dominance(DSD). We first discuss the basic property of ASD and DSD linking the ASD and DSD of the first three orders to expected-utility … maximization for risk-averse and risk-seeking investors. Thereafter, we prove that a hierarchy exists in both ASD and DSD …