skip to main content
10.1145/3580507.3597719acmconferencesArticle/Chapter ViewAbstractPublication PagesecConference Proceedingsconference-collections
extended-abstract

Extreme Points and First-Order Stochastic Dominance: Theory and Applications

Published: 07 July 2023 Publication History

Abstract

We characterize the extreme points of first-order stochastic dominance (FOSD) intervals and show how these intervals are at the heart of many topics in economics. An FOSD interval is a set of distributions that dominate a distribution and are simultaneously dominated by another distribution, in the sense of FOSD. The convexity of FOSD intervals means that their extreme points are fundamental to understanding their properties. We show that a distribution is an extreme point of an FOSD interval if and only if the distribution either coincides with one of the FOSD bounds or is flat. Wherever the distribution is flat, at least one end of the flat portion must be attached to one of the FOSD bounds.

Index Terms

  1. Extreme Points and First-Order Stochastic Dominance: Theory and Applications
        Index terms have been assigned to the content through auto-classification.

        Recommendations

        Comments

        Information & Contributors

        Information

        Published In

        cover image ACM Conferences
        EC '23: Proceedings of the 24th ACM Conference on Economics and Computation
        July 2023
        1253 pages
        ISBN:9798400701047
        DOI:10.1145/3580507
        Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the owner/author(s).

        Sponsors

        Publisher

        Association for Computing Machinery

        New York, NY, United States

        Publication History

        Published: 07 July 2023

        Check for updates

        Qualifiers

        • Extended-abstract

        Conference

        EC '23
        Sponsor:
        EC '23: 24th ACM Conference on Economics and Computation
        July 9 - 12, 2023
        London, United Kingdom

        Acceptance Rates

        Overall Acceptance Rate 664 of 2,389 submissions, 28%

        Upcoming Conference

        EC '25
        The 25th ACM Conference on Economics and Computation
        July 7 - 11, 2025
        Stanford , CA , USA

        Contributors

        Other Metrics

        Bibliometrics & Citations

        Bibliometrics

        Article Metrics

        • 0
          Total Citations
        • 27
          Total Downloads
        • Downloads (Last 12 months)13
        • Downloads (Last 6 weeks)0
        Reflects downloads up to 26 Dec 2024

        Other Metrics

        Citations

        View Options

        Login options

        View options

        PDF

        View or Download as a PDF file.

        PDF

        eReader

        View online with eReader.

        eReader

        Media

        Figures

        Other

        Tables

        Share

        Share

        Share this Publication link

        Share on social media