A New Integral for Capacities

A new integral for capacities is introduced and characterized. It differs from the Choquet integral on non-convex capacities. The main feature of the new integral is concavity, which might be interpreted as uncertainty aversion. The integral is extended to fuzzy capacities, which assign subjective e...

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Veröffentlicht in:	Economic theory 2009-04, Vol.39 (1), p.157-176
1. Verfasser:	Lehrer, Ehud
Format:	Artikel
Sprache:	eng
Schlagworte:	Betting Decision making Decision theory Economic theory Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Expected utility Expected values Game Theory Mathematical functions Mathematical integrals Mathematical minima Microeconomics Probability Probability distribution Probability distributions Public Finance Random variables Research Article Risk aversion Social and Behav. Sciences Studies Uncertainty
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