English

Quantifying non-monotonicity of functions and the lack of positivity in signed measures

Probability 2017-11-01 v2

Abstract

In various research areas related to decision making, problems and their solutions frequently rely on certain functions being monotonic. In the case of non-monotonic functions, one would then wish to quantify their lack of monotonicity. In this paper we develop a method designed specifically for this task, including quantification of the lack of positivity, negativity, or sign-constancy in signed measures. We note relevant applications in Insurance, Finance, and Economics, and discuss some of them in detail.

Keywords

Cite

@article{arxiv.1705.02742,
  title  = {Quantifying non-monotonicity of functions and the lack of positivity in signed measures},
  author = {Youri Davydov and Ričardas Zitikis},
  journal= {arXiv preprint arXiv:1705.02742},
  year   = {2017}
}

Comments

Published at http://dx.doi.org/10.15559/17-VMSTA84 in the Modern Stochastics: Theory and Applications (https://www.i-journals.org/vtxpp/VMSTA) by VTeX (http://www.vtex.lt/)