four orders of ASD are used in the prospects comparison, risk-averse investors prefer the one with positive gain, smaller … variance, positive skewness, and smaller kurtosis. This information, in turn, enables decision makers to determine the ASD …

, investors prefer the one with positive gain, smaller variance and positive skewness. This information, in turn, enables decision …

In this paper we first extend the theory of almost stochastic dominance (ASD) (for risk averters) to include the ASD … for risk-seeking investors. We then study the relationship between ASD for risk seekers and ASD for risk averters …

Tan (2005) to use two-way stochastic dominance to define the $j$-order risk-averse and risk-seeking utility that consists … of both risk-averse and risk-seeking components and we call the utility AD utility and call investors with AD utility AD …

In this paper we first develop a theory of almost stochastic dominance for risk-seeking investors to the first three … orders. Thereafter, we study the relationship between the preferences of almost stochastic dominance for risk-seekers with … that for risk averters. …

This paper studies some properties of stochastic dominance (SD) for risk-averse and risk-seeking investors, especially …-utility maximization for risk-averse and risk-seeking investors. Thereafter, we prove that a hierarchy exists in both ASD and DSD …

This paper studies the impact of background risk on the indifference curve. We first study the shape of the … indifference curves for the investment with background risk for risk averters, risk seekers, and risk-neutral investors. Thereafter … deviations of the returns of the financial asset and/or the background asset change. In addition, we draw inference on risk …