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Testing for Stochastic Dominance
Author(s) -
Tolley H. Dennis,
Pope Rulon D.
Publication year - 1988
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1241508
Subject(s) - stochastic dominance , test (biology) , dominance (genetics) , statistics , econometrics , permutation (music) , sample (material) , statistical hypothesis testing , mathematics , psychology , biology , philosophy , genetics , ecology , aesthetics , chemistry , chromatography , gene
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.