Stochastic dominance representation of optimistic belief: Theory and applications

Yusuke Osaki*, John Quiggin

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


This note gives a stochastic dominance representation of more optimistic belief in rank dependent expected utility. Applying this observation, we can demonstrate the effect of more optimistic belief on economic decisions and equilibria under risk making comparative static analysis.

Original languageEnglish
Pages (from-to)275-278
Number of pages4
JournalEconomics Letters
Issue number3
Publication statusPublished - 2008 Dec
Externally publishedYes


  • Comparative statics
  • Optimistic belief
  • Rank dependent expected utility
  • Stochastic dominance

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


Dive into the research topics of 'Stochastic dominance representation of optimistic belief: Theory and applications'. Together they form a unique fingerprint.

Cite this