Risk Averse Decisions in Business Planning
指出，在保险或灾难计划等选择中，风险厌恶决策者应使用变异性排序而非二阶随机占优，后者在以往研究中被错误使用。
ABSTRACT Second‐order stochastic dominance is used to determine preferences among various investments for any risk‐averse decision maker. On the other hand, when faced with choosing between different insurance policies or disaster plans, a risk‐averse decision maker should use a type of stochastic dominance called variability ordering. In this situation, second‐order stochastic dominance has been used in previous research and is incorrect.