Violations of first-order stochastic dominance

被引：0
|
作者：
Williams, Brett [1 ]
机构：
[1] UNSW Business Sch, AGORA Ctr Market Design, Kensington, NSW 2031, Australia
来源：
JOURNAL OF THE ECONOMIC SCIENCE ASSOCIATION-JESA | 2023年 / 9卷 / 02期
基金：
美国国家科学基金会;
关键词：
Stochastic dominance; Risk aversion; Experiment; Elicitation; Multiple price list; C91; D81; D89; RISK;
D O I：
10.1007/s40881-023-00142-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页码：239 / 251
页数：13
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