In this study, we contribute to the literature of stochastic dominance by studying the effect of generalized first and second order stochastic dominance changes on returns distribution of financial time series. This paper contributes to the existing literature by investigating how recent...

In this paper, we study large Euclidean random matrices Mn=(fn(‖xi−xj‖2))n×n where xi’s are i.i.d. points lp-norm uniformly distributed over the N dimensional lp ellipsoid or its surface, fn is a real function on [0,∞) and ‖⋅‖ is the Euclidean distance. Under the assumption that...