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The s-convex orders among real random variables, with applications

The s-convex orders among real random variables, with applications

In this paper, new classes of stochastic order relations are introduced.These can be seen as extensions of the usual convex order and are closely related to the orderings discussed in Lefèvre and Utev (1996), as well as to the stochastic dominances in economics and stop-loss orders in actuarial sciences.These classes …