Bai, Zhidong; Li, Hua; McAleer, Michael; Wong, Wing-Keung - Institute of Economic Research, Kyoto University - 2012
We derive the limiting process of the stochastic dominance statistics for risk averters as well as for risk seekers … propose a bootstrap method to decide the critical point. In addition, we illustrate the applicability of the stochastic … dominance statistics for both risk averters and risk seekers to analyze the dominance relationship between the Chinese and US …