Inequality Orderings, Normalized Stochastic Dominance, and Statistical Inference
不平等排序、归一化随机占优与统计推断
This article derives large-sample properties and provides asymptotically distribution-free statistical inference procedures for an alternative approach to inequality orderings—normalized stochastic dominance (NSD). NSD is a straightforward extension of standard dominance techniques. As such, it can be generalized to higher orders of dominance, thereby providing a more powerful technique for ranking distributions. We illustrate the NSD method by applying it to Current…