Exact capacities and star-shaped distorted probabilities

We are interested in capacities which are deformations of probability, i.e.Â v=foP. We characterize balanced, totally balanced, and exact capacities by properties concerning the probability transformation function, f. These results allow us to obtain simple new characterizations of a large pattern of risk aversions relevant to Yaari's dual theory of choice under risk.

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Year of publication:	2008
Authors:	Aouani, Zaier ; Chateauneuf, Alain
Published in:	Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 56.2008, 2, p. 185-194
Publisher:	Elsevier
Keywords:	Capacity Exact Balanced Star-shaped function Risk aversion

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005362448