Cominimum Additive Operators
This paper proposes a class of weak additivity concepts for an operator on the set of real valued functions on a finite state space \omega, which include additivity and comonotonic additivity as extreme cases. Let \epsilon be a collection of subsets of \omega. Two functions x and y on \omega are \epsilon-cominimum if, for each E \subseteq \epsilon, the set of minimizers of x restricted on E and that of y have a common element. An operator I on the set of functions on is E- cominimum additive if I(x+y) = I(x)+I(y) whenever x and y are \epsilon-cominimum. The main result characterizes homogeneous E-cominimum additive operators in terms of the Choquet integrals and the corresponding non-additive signed measures. As applications, this paper gives an alternative proof for the characterization of the E-capacity expected utility model of Eichberger and Kelsey (1999) and that of the multi-period decision model of Gilboa (1989).
|Date of creation:||Feb 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Yoshida-Honmachi, Sakyo-ku, Kyoto 606-8501|
Web page: http://www.kier.kyoto-u.ac.jp/eng/index.html
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Eichberger, J. & Kelsey, D., 1996.
"E-Capacities and the Ellsberg Paradox,"
96-13, Department of Economics, University of Birmingham.
- David Schmeidler, 1989.
"Subjective Probability and Expected Utility without Additivity,"
Levine's Working Paper Archive
7662, David K. Levine.
- Schmeidler, David, 1989. "Subjective Probability and Expected Utility without Additivity," Econometrica, Econometric Society, vol. 57(3), pages 571-87, May.
- Algaba, A. & Bilbao, J.M. & Borm, P.E.M. & Lopez, J., 1998.
"The position value for union stable systems,"
FEW 768, Tilburg University, School of Economics and Management.
- Gilboa, Itzhak & Schmeidler, David, 1989.
"Maxmin expected utility with non-unique prior,"
Journal of Mathematical Economics,
Elsevier, vol. 18(2), pages 141-153, April.
- Gilboa, Itzhak, 1989.
"Expectation and Variation in Multi-period Decisions,"
Econometric Society, vol. 57(5), pages 1153-69, September.
- Itzhak Gilboa, 1989. "Expectation and Variation in Multi-Period Decisions," Post-Print hal-00753240, HAL.
- van den Nouweland, C.G.A.M. & Borm, P.E.M. & Tijs, S.H., 1992.
"Allocation rules for hypergraph communication situations,"
Other publications TiSEM
b97fb9dd-2acf-470d-b9eb-a, Tilburg University, School of Economics and Management.
- van den Nouweland, Anne & Borm, Peter & Tijs, Stef, 1992. "Allocation Rules for Hypergraph Communication Situations," International Journal of Game Theory, Springer;Game Theory Society, vol. 20(3), pages 255-68.
- repec:spr:compst:v:52:y:2000:i:2:p:221-236 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:kyo:wpaper:601. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ryo Okui)
If references are entirely missing, you can add them using this form.