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Estimation of the General Measure of Stochastic Non-Dominance

Publication at Faculty of Mathematics and Physics |
2023

Abstract

The presentation at the Mathematical Methods in Economics 2023 conference dealt with the general measure of stochastic non-dominance. It was developed to understand the situations when stochastic dominance rules are broken.

We are able to estimate it by a numerical study, in which we approximate complicated distributions by discrete distributions with equiprobable atoms.