讲座题目：Strong Stochastic Dominance

报告人：王韬

报告时间：2019年11月21日下午14:00-15:30

报告地点：经管院A204

主持人：李晓蹊

内容摘要：We generalize the monotone likelihood ratio property of univariate random variables. We say that one distribution strongly stochastically dominates another if the former is a convex transformation of the latter. The main contribution of this paper is the introduction of an equivalent condition phrased in terms of expectations. Several economic applications of this equivalence condition are given. These applications include monotone comparative statics under uncertainty, Bayesian learning and dynamics, pricing of risky assets, implications to a portfolio's value-at-risk and to production expansions.

主讲人简介 ：王韬，南京审计大学社会与经济研究院助理教授，于纽约州立大学石溪分校获得博士学位，在特拉维夫大学进行过博士后研究。研究领域为信息经济学、产业组织理论、博弈论。部分研究成果已在国际期刊International Journal of Industrial Organization，Review of Industrial Organization上发表。