Denuit, Michel M.; Huang, Rachel J.; Tzeng, Larry Y.; … - In: Journal of Banking & Finance 41 (2014) C, pp. 57-66
Marginal Conditional Stochastic Dominance (MCSD) developed by Shalit and Yitzhaki (1994) gives the conditions under …. Instead of stochastic dominance rules, almost stochastic dominance is used to assess the superiority of one asset over another … and the decision rules supporting stochastic dominance relations. A financial application is further provided to …