Hong, Chew Soo; Wakker, Peter - In: Journal of Risk and Uncertainty 12 (1996) 1, pp. 5-27
This article identifies the common characterizing property, the comonotonic sure-thing principle, that underlies the rank-dependent direction in non-expected utility. This property restricts Savage's sure-thing principle to comonotonic acts, and is characterized in full generality by means of a...