We show that the relation of second order stochastic dominance, which has found widespread use in models of economic behavior under uncertainty, may be described in terms of conditional expectation.

As acronyms go, GMM-DCKE – Gaussian mixture model dynamically controlled kernel estimation – is a bit of a mouthful. Its proponents, though, consider it to be the simplest expression of conditional ...

This is a preview. Log in through your library . Sankhya, the Indian Journal of Statistics, aims to publish original, high quality research articles in all areas of statistics, such as theoretical ...