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Query: faculty: "FEB" and publication year: "1990"

AuthorP.P. Wakker
TitleCharacterizing optimism and pessimism directly though comonotonicity.
JournalJournal of economic theory
Volume52
Year1990
Issue52
Pages453-463
ISSN00220531
FacultyFaculty of Economics and Business
Institute/dept.FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM)
KeywordsDecision-making uner risk and uncertainty; Moods
AbstractSchmeidler (1982) introduced comonotonic independence to characterize nonadditivity of probabilities. This note obtains natural and very simple characterizations of convexity, concavity (and additivity) of nonadditive probabilities, by relating these directly to the pessimism and optimism inherent in comonotonicity.
Document typeArticle
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