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 |