We show that the relation of second order stochastic dominance, which has found widespread use in models of economic behavior under uncertainty, may be described in terms of conditional expectation.

Let E, F be two Polish spaces and [Xn,Yn], [X, Y] random variables with values in E × F (not necessarily defined on the same probability space). We show some conditions which are sufficient in order ...

Abstract: This paper is concerned with the Tobit Kalman filtering for a class of discrete-time linear systems. A set of Bernoulli random variables is introduced to describe the randomly occurring ...

As acronyms go, GMM-DCKE – Gaussian mixture model dynamically controlled kernel estimation – is a bit of a mouthful. Its proponents, though, consider it to be the simplest expression of conditional ...