Testing for stochastic dominance

Testing for stochastic dominance

A test for second-degree stochastic dominance is proposed. The test is a permutation test using only the sample data. It is exemplified using data from Kramer and Pope. The test conclusions differ substantially from standard practice in which no statistical test is conducted.

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Bibliographische Detailangaben
Veröffentlicht in:American journal of agricultural economics 1988-08, Vol.70 (3), p.693-700
Hauptverfasser: Tolley, H. Dennis, Pope, Rulon D.
Format: Artikel
Sprache:eng
Schlagworte:
Distribution functions
ECHANTILLONNAGE
ENSAYO
ESTADISTICA
ESTADOS UNIDOS DE AMERICA
ETATS-UNIS
Expected utility
EXPLOITATION AGRICOLE
EXPLOTACIONES AGRARIAS
MATEMATICAS
MATHEMATIQUE
MODELE
MODELOS
MUESTREO
nonparametric testing
Null hypothesis
Permutation tests
PRODUCTOS
PRODUIT
Random allocation
Sample size
Sampling errors
Statistical variance
Statistics
STATISTIQUE
stochastic dominance
TESTAGE
Unbiased estimators
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Beschreibung
Zusammenfassung:A test for second-degree stochastic dominance is proposed. The test is a permutation test using only the sample data. It is exemplified using data from Kramer and Pope. The test conclusions differ substantially from standard practice in which no statistical test is conducted.
ISSN:0002-9092
1467-8276
DOI:10.2307/1241508