Dutch books: Avoiding strategic and dynamic complications, and a comonotonic extension

DOI10.1016/S0165-4896(01)00084-1zbMath1023.91011OpenAlexW2131050218MaRDI QIDQ1867804

Enrico Diecidue, Peter P. Wakker

Publication date: 2 April 2003

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-4896(01)00084-1

zbMATH Keywords

ambiguity aversiondutch bookChoquet expected utilityordered vector spacecomonotonicbook making

Mathematics Subject Classification ID

Utility theory (91B16) Individual preferences (91B08)

Related Items (18)

A simple model of cumulative prospect theory ⋮ Information processing under imprecise risk with an insurance demand illustration ⋮ Incomplete preferences on conditional random quantities: representability by conditional previsions ⋮ Investment behavior under ambiguity: the case of pessimistic decision makers ⋮ Deriving Harsanyi's utilitarianism from de Finetti's book-making argument ⋮ Coherence without additivity. ⋮ On linear aggregation of infinitely many finitely additive probability measures ⋮ Comonotonic book making and attitudes to uncertainty. ⋮ Belief and probability: a general theory of probability cores ⋮ Preferences representable by a lower expectation: Some characterizations ⋮ Models for pessimistic or optimistic decisions under different uncertain scenarios ⋮ Survival risks, intertemporal consumption, and insurance: the case of distorted probabilities ⋮ Reconciling support theory and the book-making principle ⋮ Valuing future cash flows with non separable discount factors and non additive subjective measures: conditional Choquet capacities on time and on uncertainty ⋮ Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory ⋮ Dutch book rationality conditions for conditional preferences under ambiguity ⋮ Comparative expectations ⋮ Rawlsian maximin, Dutch books, and non-additive expected utility

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• Nonmonotonic Choquet integrals
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