Choquet Integrals With Respect to Non-Monotonic Set Functions

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Abstract

This paper introduces the signed Choquet integral, i.e., a nonmonotonic generalization of the Choquet integral. Applications to welfare theory, multi-period optimization, and asset pricing are described.
Original languageEnglish
Place of PublicationTilburg
PublisherAccounting
Number of pages25
Volume1997-44
Publication statusPublished - 1997

Publication series

NameCentER Discussion Paper
Volume1997-44

Keywords

  • Choquet integral
  • comonotonicity
  • arbitrage
  • time preference

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