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 |
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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