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Stability Properties of a Bond Portfolio Management Problem

✍ Scribed by Jitka Dupačová


Book ID
110386931
Publisher
Springer US
Year
2000
Tongue
English
Weight
127 KB
Volume
99
Category
Article
ISSN
0254-5330

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Second degree stochastic dominance has been proposed also as a criterion (Levy and Sarnet, 1972). It is defined by Z,F,(r) = Z,Fo(r) far all r , with the strict inequality holding for at least one value of return, r. This report uses first degree dominance since first degree dominance implies second