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We've two variables =2 with p=1/3, =4 with p=1/3, x=5 with p=1/3 y=1 with p=1/4, y=3.5 with p=1/2, y=6 with p=1/4 1) compare them using
We've two variables =2 with p=1/3, =4 with p=1/3, x=5 with p=1/3 y=1 with p=1/4, y=3.5 with p=1/2, y=6 with p=1/4
1) compare them using first order stochastic dominance 2)compare them using second order stochastic dominance 3) without any calculation, establish if its possible to compare these variables when u(x)=ln(x)
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