Galichon, Alfred; Henry, Marc - In: Journal of Economic Theory 147 (2012) 4, pp. 1501-1516
We propose a multivariate extension of Yaariʼs dual theory of choice under risk. We show that a decision maker with a preference relation on multidimensional prospects that preserves first order stochastic dominance and satisfies comonotonic independence behaves as if evaluating prospects using...