What is the relationship between stochastic dominance and expected value? If alternative A dominates alternative B, then

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What is the relationship between stochastic dominance and expected value? If alternative A dominates alternative B, then is it always true that EV (A) is better than EV (B)? Why?

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Making Hard Decisions with decision tools

ISBN: 978-0538797573

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Authors: Robert Clemen, Terence Reilly

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Question Posted: Dec 22, 2015 01:58 AM

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What is the relationship between stochastic dominance and expected value? If alternative A dominates alternative B, then

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Yes if A dominates B then the EV A is always better tha...View the full answer

Making Hard Decisions with decision tools

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