@article{08702c6f9fa643f7aaeccc68e4510545,
title = "Almost stochastic dominance for risk averters and risk seeker",
abstract = "In this paper we first extend the theory of almost stochastic dominance (ASD) (for risk averters) to include the ASD for risk-seeking investors. We then study the relationship between ASD for risk seekers and ASD for risk averters. Recently, Tsetlin, et al.(2015) develop the theory of generalized ASD (GASD). We then briefly discuss the advantages and disadvantages of ASD and GASD.",
keywords = "Almost stochastic dominance, Expected-utility maximization, Generalized almost stochastic dominance, Moments, Risk averters, Risk seekers",
author = "Xu Guo and Wong, {Wing Keung} and Lixing Zhu",
note = "Funding Information: The authors are grateful to Brian Lucey, the Editor-in-Chief, and anonymous referee for substantive comments that have significantly improved this manuscript. The authors would like to thank Howard E. Thompson for his valuable comments that have significantly improved this manuscript. The second author would also like to thank Robert B. Miller and Howard E. Thompson for their continuous guidance and encouragement. This research has been partially supported by grants from the Natural Science Foundation of Jiangsu Province, China (grant number BK20150732), Beijing Normal University, Hong Kong Baptist University, the Research Grants Council (RGC) of Hong Kong (project numbers 12502814 and 12500915), Asia University, Lingnan University and Chiang Mai University. Publisher copyright: {\textcopyright} 2016 Elsevier Inc. All rights reserved.",
year = "2016",
month = nov,
doi = "10.1016/j.frl.2016.05.005",
language = "English",
volume = "19",
pages = "15--21",
journal = "Finance Research Letters",
issn = "1544-6123",
publisher = "Elsevier BV",
}