Two Sufficient Conditions for Convex Ordering on Risk Aggregation

We define new stochastic orders in higher dimensions called weak correlation orders. It is shown that weak correlation orders imply stop-loss order of sums of multivariate dependent risks with the same marginals. Moreover, some properties and relations of stochastic orders are discussed.

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Bibliographic Details
Main Authors: Dan Zhu, Chuancun Yin
Format: Article
Language:English
Published: Wiley 2018-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2018/2937895
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