Title: Multivariate Stochastic Dominance with Respect to the Reference Function Rule

The Structure of the Short Course:

The well-known dual nature between the mean-utility-preserving increase in spread and Arrow-Pratt risk aversion analysis has been widely studied and applied since its introduction by Diamond and Stiglitz. We provide a multivariate generalization of this duality by means of multivariate stochastic dominance with respect to the reference function rule and use it to analyze some finance and economic problems including group risk aversion etc.

Lecturer: Jingyuan Li

Date/Time: 19:00 – 21:00 p.m. 1 Dec, 2021

Online Platform: Tencent Conference ID: 480 226 110

Brief introduction of the lecturer: 

Jingyuan Li is a Professor and Head in the Department of Finance and Insurance, Lingnan University, Hong Kong. He obtained his doctoral degree from Texas A&M University (2004). He was the associate editor for Journal of Risk and Insurance. His research focuses on theory of risk management and insurance. He has published articles in Journals: Journal of Economic Theory, Journal of Risk and Insurance, Journal of Mathematical Economics, Insurance: Mathematics and Economics, Economics Letters, Journal of Macroeconomics and Journal of Economics etc.