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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
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
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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