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Exact capacities and star-shaped distorted probabilities

Zaier Aouani () and Alain Chateauneuf ()

Mathematical Social Sciences, 2008, vol. 56, issue 2, 185-194

Abstract: We are interested in capacities which are deformations of probability, i.e. 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.

Keywords: Capacity; Exact; Balanced; Star-shaped; function; Risk; aversion (search for similar items in EconPapers)
Date: 2008
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Related works:
Working Paper: Exact Capacities and Star-Shaped Distorted Probabilities (2008)
Working Paper: Exact capacities and star shaped distorted probabilities (2004) Downloads
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