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maybe use graph to solve it. Assume that there are 3 equally likely states of the world. There are two assets, Z and Y, with

maybe use graph to solve it.

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Assume that there are 3 equally likely states of the world. There are two assets, Z and Y, with the payoffs Z = {10, 0, 10} and Y = {0, 10, 20}. Determine whether asset Z first order stochastically dominates and/or second order stochastically dominates Y

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