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According to the first order stochastic dominance (FOSD) theorem, investment alternative f dominates investment alternative g if the cumulative distribution function (CDF) of f is

According to the first order stochastic dominance (FOSD) theorem, investment alternative f dominates investment alternative g if the cumulative distribution function (CDF) of f is to the right of the CDF of g. Draw the two CDFs and explain why f should dominate g?

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