Van Zwet ordering for Fechner asymmetry

Ingo Klein

No 08/2011, FAU Discussion Papers in Economics from Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics

Abstract: There are several procedures to construct a skewed distribution. One of these procedures splits the value of a parameter of scale for the two halfs of a symmetric distribution. Fechner proposed this procedure in his famous book Kollektivmaßlehre (1897), p. 295ff.. A similar proposal comes from Fernandez et al. (1995). We consider the very general approach from Arellano-Valle et al. (2005) of splitting a scale parameter and show that this technique of generating skewed distributions incorporates a well-defined parameter of skewness. It is well-defined in the sense that the parameter of skewness is compatible with the ordering

Keywords: Skewness; skewness to the right; skewness ordering; measure of skewness (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-ecm
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwqwdp:082011

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