Moment-Preserving Shifts and Stochastic Dominance
- 1 November 1982
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Mathematics of Operations Research
- Vol. 7 (4) , 629-634
- https://doi.org/10.1287/moor.7.4.629
Abstract
Let Mn be the set of signed measures on the line with nonempty finite supports whose first n − 1 moments vanish and which satisfy a specified positivity condition. Let Mn* be the minimum-support measures in Mn. Then Mn is the convex cone spanned by Mn* if n ≤ 3 but not if n ≥ 4.Keywords
This publication has 0 references indexed in Scilit: