The Comonotonic Sure-Thing Principle.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 1996
Volume: 12
Issue: 1
Pages: 5-27

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This article identifies the common characterizing property, the comonotonic sure-thing principle, that underlies the rank-dependent direction in non-expected utility. This property restricts Savage's sure-thing principle to comonotonic acts, and is characterized in full generality by means of a new functional form--cumulative utility--that generalizes the Choquet integral. Thus, a common generalization of all existing rank-dependent forms is obtained, including rank-dependent expected utility, Choquet expected utility, and cumulative prospect theory. Copyright 1996 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:12:y:1996:i:1:p:5-27
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29