Robust Inference for Inverse Stochastic Dominance
Robust Inference for Inverse Stochastic Dominance
The notion of inverse stochastic dominance is gaining increasing support in risk, inequality, and welfare analysis as a relevant criterion for ranking distributions, which is alternative to the standard stochastic dominance approach. Its implementation rests on comparisons of two distributions’ quantile functions, or of their multiple partial integrals, at fixed …