Testing for restricted stochastic dominance

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Testing for restricted stochastic dominance
Russell Davidson
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Last edited by MARC Bot
December 17, 2020 | History

Testing for restricted stochastic dominance

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"Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to define and focus on restricted stochastic dominance, the only empirically useful form of dominance relation that we can seek to infer in many settings. One testing procedure that we consider is based on an empirical likelihood ratio. The computations necessary for obtaining a test statistic also provide estimates of the distributions under study that satisfy the null hypothesis, on the frontier between dominance and nondominance. These estimates can be used to perform bootstrap tests that can turn out to provide much improved reliability of inference compared with the asymptotic tests so far proposed in the literature"--Forschungsinstitut zur Zukunft der Arbeit web site.

Publish Date
Publisher
IZA
Language
English

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Cover of: Testing for restricted stochastic dominance
Testing for restricted stochastic dominance
2006, IZA
electronic resource / in English

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Book Details


Edition Notes

Title from PDF file as viewed on 3/28/2006.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Published in
Bonn, Germany
Series
Discussion paper -- no. 2047, Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2047

Classifications

Library of Congress
HD5701

The Physical Object

Format
[electronic resource] /

ID Numbers

Open Library
OL31758875M
LCCN
2006615619

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December 17, 2020 Created by MARC Bot Imported from Library of Congress MARC record