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Stochastic Dominance and Opaque Sweetening |
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| Authors: | Ralf M. Bader |
| Affiliation: | Merton College, University of Oxford |
| Abstract: | This paper addresses the problem of opaque sweetening and argues that one should use stochastic dominance in comparing lotteries even when dealing with incomplete orderings that allow for non-comparable outcomes. |
| Keywords: | decision theory incompleteness stochastic dominance state-by-state dominance parity |