Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1151122 | Statistical Methodology | 2007 | 8 Pages |
Abstract
In this note, we further study the properties of excess wealth (or right spread) order and the location independent riskier order. It is proved that if XX is less variable than YY according to excess wealth order, then Xn:n−Xk:n≤icxYn:n−Yk:n for k=0,1,…,n−1k=0,1,…,n−1, where X0:n=Y0:n≡0X0:n=Y0:n≡0. Similar results are obtained for location independent riskier order. An application in kk-price business auction models is presented as well.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Subhash Kochar, Xiaohu Li, Maochao Xu,