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A note on third degree stochastic dominance

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Abstract.

Third degree stochastic dominance is usually defined by stating two separate conditions. It is shown in this note that the second condition is superfluous, because it is already implied by the first one.

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  1. Seminar für Wirtschafts- und Sozialstatistik, Universität zu Köln, Albertus-Magnus-Platz, 50923, Köln, Germany

    Friedrich Schmid

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  1. Friedrich Schmid
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Correspondence to Friedrich Schmid.

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Schmid, F. A note on third degree stochastic dominance. OR Spectrum 27, 653–655 (2005). https://doi.org/10.1007/s00291-005-0208-8

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  • DOI: https://doi.org/10.1007/s00291-005-0208-8

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