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The concept of stochastic dominance is defined, and its relation to welfare, poverty, and income inequality explained. A brief discussion is provided of how statistical inference may be performed for hypotheses relating to stochastic dominance.
Russell Davidson
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Elitism and stochastic dominance [PDF]
Social Choice and Welfare, 2011 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Bazen, Stephen, Moyes, Patrick
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Testing for Restricted Stochastic Dominance [PDF]
Econometric Reviews, 2006 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.
Davidson, Russell, Duclos, Jean-Yves
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Violations of dominance in decision-making
Business Research, 2019 A key premise underlying most of the economic literature is that rational decision-makers will choose dominant strategies over dominated alternatives. However, prior literature in various disciplines including business, psychology, and economics document
Thomas Kourouxous, Thomas Bauer
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STOCHASTIC DOMINANCE ON FTSE INDEX
Studia Universitatis Babeş-Bolyai Negotia, 2019 Stochastic dominance is a method that refers to a set of relations, which may hold between a specific pair of distributions. However, the concept can be applied in many domains, but in particular in financial economic areas, where the considered ...
Ioan-Alin NISTOR +3 more
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Service Process Problem-Solving Based on Flow Trimming
Applied Sciences, 2023 Since entering the era of the experience economy, consumers’ attention gradually turns toward gaining a pleasant service process experience. This study addresses the service process problem, aiming to discover the root cause of the service process ...
Bai Zhonghang, Lin Siyue, Zhang Xu
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Testing for Stochastic Dominance up to a Common Relative Poverty Line
Econometrics, 2020 Although a wide array of stochastic dominance tests exist for poverty measurement and identification, they assume the income distributions have independent poverty lines or a common absolute (fixed) poverty line.
Tahsin Mehdi
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Stochastic Dominance and Comparative Risk Aversion
Review of Economic Analysis, 2012 No abstract ...
Tapan Biswas
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Conditional Stochastic Dominance Testing [PDF]
Journal of Business & Economic Statistics, 2013 This article proposes bootstrap-based stochastic dominance tests for nonparametric conditional distributions and their moments. We exploit the fact that a conditional distribution dominates the other if and only if the difference between the marginal joint distributions is monotonic in the explanatory variable at each value of the dependent variable ...
Escanciano, Juan Carlos +1 more
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RSD: An R package to calculate stochastic dominance
SoftwareXStochastic dominance is a classical method for comparing two random variables using their probability distribution functions. As for all stochastic orders, stochastic dominance does not always establish an order between the random variables, and almost ...
Shayan Tohidi, Sigurdur Olafsson
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