Principi, Giulio; Wakker, Peter P.; Wang, Ruodu - In: Theoretical economics : TE ; an open access journal in … 20 (2025) 3, pp. 831-855
Comonotonicity (''same variation'') of random variables minimizes hedging possibilities and has been widely used, e.g., in Gilboa and Schmeidler's ambiguity models. This paper investigates anticomonotonicity (''opposite variation''; abbreviated ''AC''), the natural counterpart to comonotonicity....