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A strong law of large numbers for capacities

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Author Info
Fabio Maccheroni ()
Massimo Marinacci ()

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Abstract

We consider a totally monotone capacity on a Polish space and a sequence of bounded p.i.i.d. random variables. We show that, on a full set, any cluster point of empirical averages lies between the lower and the upper Choquet integrals of the random variables, provided either the random variables or the capacity are continuous.

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Publisher Info
Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers - Applied Mathematics Series with number 28-2004.

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Length: 14 pages
Date of creation: Jun 2004
Date of revision:
Handle: RePEc:icr:wpmath:28-2004

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Related research
Keywords: Capacities Choquet integral Strong law of large numbers

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This paper has been announced in the following NEP Reports: Cited by:
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  1. Fabio Maccheroni & Massimo Marinacci & Aldo Rustichini & Marco Taboga, 2004. "Portfolio Selection with Monotone Mean-Variance Preferences," ICER Working Papers - Applied Mathematics Series 27-2004, ICER - International Centre for Economic Research, revised Dec 2004. [Downloadable!]
    Other versions:
  2. Peter Klibanoff & Massimo Marinacci & Sujoy Mukerji, 2006. "Recursive Smooth Ambiguity Preferences," Carlo Alberto Notebooks 17, Collegio Carlo Alberto. [Downloadable!]
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