Abstract
The second order stochastic dominance (SSD) has become exceedingly popular in recent years,due to its ability to determine the dominance of one asset over another for all risk-averse investorswithout a strict requirement in asset distribution. In this study, 33 OECD country indexes and theirenriched set of assets, which consists of some combinations of these indexes, are investigatedand compared between 2007 and 2015 by utilizing pairwise SSD comparisons, with different datafrequencies, such as daily, weekly, monthly and quarterly. This paper contributes to the literaturein three points: Firstly, a serious portion of the best performing OECD countries has the lowest GDP(PPP) per capita level. Secondly, the SSD efficient set depends on data frequency. Thirdly, whenthe data frequency is lowered, the difference between two SSD pairwise efficiency tests decreases.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
