Abstract
The concept of second-order stochastic dominance (SSD) can help researchers and fund managers establish a lower bound on portfolio performance that any risk-averse investor would prefer (or at least be indifferent) to a benchmark portfolio
| Original language | English |
|---|---|
| Pages (from-to) | 16-19 |
| Number of pages | 4 |
| Journal | Banking, Finance, Markets |
| Volume | 1 |
| Issue number | 6 |
| Publication status | Published - Aug 2011 |
Keywords
- Portfolio choice
- Second-order stochastic dominance