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Table 4 Inferences from the counterfactual distribution

From: Risk aversion, trust in institutions and contingent valuation of healthcare services: trying to explain the WTA-WTP gap in the Dutch population

 

Kolmogorov-Smirnov test

(p value)

Cramer-von-Misses-Smirnov

(p value)

Comparison of WTP model specification (H0 = correct specification)

0.24

0.24

Comparison of WTA model specification (H0 = correct specification)

0.46

0.46

Differences between observed distributions

  

H0: No effect found, the difference between quantiles is zero for any chosen quantile

< 0.001

< 0.001

H0: the difference between quantiles is constant and equal to the difference between medians

< 0.001

< 0.001

Stochastic dominance (WTA stochastically dominates WTP)

< 0.001

0.020

Inverse stochastic dominance (WTP stochastically dominates WTA)

0.640

0.640