Question: What does it mean for Distribution A to have first order stochastic dominance over Distribution B? The cumulative distribution function (CDF) of Distribution A is

What does it mean for Distribution A to have first order stochastic dominance over Distribution B? The cumulative distribution function (CDF) of Distribution A is always above or equal to the CDF of Distribution B, and must be strictly above at some value The cumulative distribution function (CDF) of Distribution A is always below the CDF of Distribution B The cumulative distribution function (CDF) of Distribution A is always below or equal to the CDF of Distribution B, and must be strictly below at some value The cumulative distribution function (CDF) of Distribution A is always above the CDF of Distribution B

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