About the Speaker:

Alan Wong is Professor of Economics at Hong Kong Baptist University. He holds a Ph.D. from the University of Wisconsin-Madison. His research areas include Financial Economics, Econometrics, Mathematical Economics, Behavioral Economics, Operational Research, Stochastic Dominance Theory and Decision Theory. He is Co-Editor of Annals of Financial Economics and the Journal of Risk and Financial Management, Managing Editor of Finanmetrika and was Editor of the Singapore Journal of Statistics from 1997 to 1999. He has published widely in the leading journals in his fields of research.

Abstract:

We extend Fishburn's convex stochastic dominance theorem to include any distribution function. This paper also considers risk takers as well as risk averters, and discusses third order stochastic dominance. We apply separation and representation theorems to obtain a concise alternative proof of the theorem. Our results are used to extend a theorem of Bawa et.al. on comparison between convex combinations of several continuous distributions and a single continuous distribution.

Reservation:
Admission is free.  Please reply to Christina, e-mail: achristina@ntu.edu.sg or Tel: 6790-5689 to confirm your attendance.