haku: @author Rasche, R. H. / yhteensä: 2
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| Tekijä: | Meyer, J. Rasche, R. H. |
| Otsikko: | Sufficient conditions for expected utility to imply mean-standard deviation rankings: Empirical evidence concerning the location and scale condition |
| Lehti: | Economic Journal
1992 : JAN, VOL. 102:410, p.91-106 |
| Asiasana: | ECONOMICS MODELS LOCATION PROBLEM ECONOMIES OF SCALE RISK RATE OF RETURN |
| Kieli: | eng |
| Tiivistelmä: | For many standard economic models the location and scale condition (LS) has theoretical support. Therefore, it is natural to inquire about empirical evidence as well. The present authors describe and implement a procedure which examines empirical support for the LS condition. The Kolgomorov - Smirnov multi-sample test and observations from the random alternatives are used to determine whether or not the distribution functions describing the random alternatives are equal to one another except for location and scale. The test procedure is applied to the nonsystematic risk component of the rate of return for portfolios of common stock. |
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