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Testing for Stochastic Dominance

H. Dennis Tolley and Rulon D. Pope

American Journal of Agricultural Economics, 1988, vol. 70, issue 3, 693-700

Abstract: 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.

Date: 1988
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