ABSTRACT
Under the general assumption of concavity, many distributions may be ordered.
functions which exhibit non-increasing absolute risk aversion, an even
The basic approach to the ordering of distributions, using the
stochastic dominance in Section 4.2. The application of these rules to
sets of empirical data is then examined in Section 4.3, and the consistency
of the estimators proved.in Section 4.4. The stochastic dominance approach
sumption of widespread non-normality in the distributions of economic data.
