Almost stochastic dominance for risk averters and risk seeker

Xu GUO, Wing Keung WONG, Lixing ZHU

Research output: Journal PublicationsJournal Article (refereed)peer-review

12 Citations (Scopus)


In this paper we first extend the theory of almost stochastic dominance (ASD) (for risk averters) to include the ASD for risk-seeking investors. We then study the relationship between ASD for risk seekers and ASD for risk averters. Recently, Tsetlin, et al.(2015) develop the theory of generalized ASD (GASD). We then briefly discuss the advantages and disadvantages of ASD and GASD.
Original languageEnglish
Pages (from-to)15-21
Number of pages7
JournalFinance Research Letters
Publication statusPublished - 1 Nov 2016
Externally publishedYes


  • Almost stochastic dominance
  • Expected-utility maximization
  • Generalized almost stochastic dominance
  • Moments
  • Risk averters
  • Risk seekers


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