A note on “Re-examining the law of iterated expectations for Choquet decision makers”

André Lapied and Pascal Toquebeuf
Additional contact information
André Lapied: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique
Pascal Toquebeuf: GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique

Post-Print from HAL

Abstract: This note completes the main result of Zimper (Theory and decision, doi:10.1007/s11238-010-9221-8, 2010), by showing that additional conditions are needed in order the law of iterated expectations to hold true for Choquet decision makers. Due to the comonotonic additivity of Choquet expectations, the equation E[f, nu(d omega)] = E[E[f(omega (i, j) ), nu(A (i, j) |A (i) )], nu(A (i) )], is valid only when the act f is comonotonic with its dynamic form, that we name "conditional certainty equivalent act".

Keywords: Choquet; Capacities; Updating; Law of iterated expectations (search for similar items in EconPapers)
Date: 2012-03-28
References: Add references at CitEc
Citations:

Published in Theory and Decision, 2012, 74 (3), pp.439-445. ⟨10.1007/s11238-012-9297-4⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04476885

DOI: 10.1007/s11238-012-9297-4

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().