Chambers, Christopher P.; Healy, Paul J. - In: Mathematical Social Sciences 61 (2011) 3, pp. 178-180
Paul Milgrom [Milgrom, P.R., 1981. Goods news and bad news: representation theorems and applications. The Bell Journal of Economics 12, 380-391] showed that if the strict monotone likelihood ratio property (MLRP) does not hold for a conditional distribution then there exists some non-degenerate...