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Title of Journal: Theory Decis

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Abbravation: Theory and Decision

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Springer US

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DOI

10.1016/j.avsg.2015.05.031

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1573-7187

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A note on “Reexamining the law of iterated expect

Authors: André Lapied Pascal Toquebeuf
Publish Date: 2012/03/28
Volume: 74, Issue: 3, Pages: 439-445
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Abstract

This note completes the main result of Zimper Theory and decision doi 101007/s1123801092218 2010 by showing that additional conditions are needed in order the law of iterated expectations to hold true for Choquet decision makers Due to the comonotonic additivity of Choquet expectations the equation Ef νdω = EEfω i j νA i j A i νA i is valid only when the act f is comonotonic with its dynamic form that we name “conditional certainty equivalent act”

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