Violations of first-order stochastic dominance

Brett Williams

Journal of the Economic Science Association, 2023, vol. 9, issue 2, No 6, 239-251

Abstract: Abstract I find necessary and sufficient conditions for first-order stochastic dominance (FOSD) violations for choices from a budget line of Arrow securities. Applying this characterization to existing data, I compare FOSD violation rates across a broad set of risk preference elicitation tasks.

Keywords: Stochastic dominance; Risk aversion; Experiment; Elicitation; Multiple price list; C91; D81; D89 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s40881-023-00142-6

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