Qiao, Zhuo; Wong, Wing-Keung; Fung, Joseph K.W. - In: Economic Modelling 33 (2013) C, pp. 552-559
In this paper, we first modify the stochastic dominance (SD) test for risk averters proposed by Davidson and Duclos (2000) to be the SD test for risk seekers. We then adopt both tests to examine the SD relationships between stock indices and their corresponding index futures for 10 countries....
