Economic, social, engineering, medical as well as financial activities lead very often (from the mathematical point of view) to deterministic optimization problems depending on an unknown probability measure. Evidently, an experience is then employed whenever it is possible. Mostly, it means...

Bootstrapping, a very versatile statistical technique, significantly amplifies the understanding and success of empirical applications of stochastic dominance. Its ability to calculate the standard deviations of order statistics reveals the uncertainty of the critical estimates of the tails of...