pos.neg.area.assd.ll

It calculates the positive and negative areas between CDFs. The positive is
where both CDF and SSD of the first prospect is larger, and vice versa for
the negative case.

The Stochastic Dominance (SD) is the classical way of comparing two
random prospects, using their distribution functions. Almost Stochastic
Dominance (ASD) has also been developed to cover the SD failures due to
the extreme utility functions. This package focuses on classical and heuristic methods
for testing the first and second SD and ASD methods given the probability mass
function (PMF) of the random prospects. The goal is to apply these methods
easily, efficiently, and effectively on real-world datasets. For more
details see Hanoch and Levy (1969) <doi:10.2307/2296431>, Leshno and Levy
(2002) <doi:10.1287/mnsc.48.8.1074.169>, and Tzeng et al. (2012)
<doi:10.1287/mnsc.1120.1616>.

Shayan Tohidi

Compares Random Distributions using Stochastic Dominance

Sigurdur Olafsson

pos.neg.area.assd.ll function

<dl><dt>sd.obj</dt>
<dd>StochasticDominance object.</dd></dl>

Arguments

Calculates positive and negative area between CDFs for ASSD-LL — pos.neg.area.assd.ll

<dl>

<dt>sd.obj</dt>
<dd>StochasticDominance object.</dd>

</dl>

pos.neg.area.assd.ll: Calculates positive and negative area between CDFs for ASSD-LL

Description

Usage

Value

Arguments

See Also