Published January 2006 | Version Submitted
Working Paper Open

A Simple Axiomatization of Quantiles on the Domain of Distribution Functions

Abstract

In an environment in which the primitive is the space of distribution functions, we characterize the quantile functions by the axioms ordinal covariance, monotonicity with respect to first order stochastic dominance, and upper semicontinuity. We show how to characterize the VAR in a similar manner.

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Eprint ID
79754
Resolver ID
CaltechAUTHORS:20170802-104836154

Dates

Created
2017-08-02
Created from EPrint's datestamp field
Updated
2020-03-09
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Caltech groups
Social Science Working Papers
Series Name
Social Science Working Paper
Series Volume or Issue Number
1246