We consider the problem of optimal risk sharing of some given total risk between two economic agents characterized by law-invariant monetary utility functions or equivalently, law-invariant risk measures. We first prove existence of an optimal risk sharing allocation which is in addition increasing in terms of the total risk. We next provide an explicit characterization in the case where both a...

Minkowski type inequalities for the seminormed fuzzy integrals on abstract spaces are studied in a rather general form. Also related inequalities to Minkowski type inequality for the seminormed fuzzy integrals on abstract spaces are studied. Several examples are given to illustrate the validity of theorems. Some results on Chebyshev and Minkowski type inequalities are obtained.

An important implication of the expected utility model under risk aversion is that if agents have the same probability belief, then the efficient allocations under uncertainty are comonotone with the aggregate endowment, and if their beliefs are concordant, then the efficient allocations are measurable with respect to the aggregate endowment. We study these two properties of efficient allocatio...

in this study, yield-water and profit function was used to obtain water demand function in agriculture sector. the results showed that the ratio of actual to potential evapotranspiration had positive, significant effecton the ratio of actual to potential yield for wheat and barley. also, square ratio of actual to potential evapotranspiration had negative, significant relationship. after estimat...

water quality prediction is a valuable tool for pollutant control in aquatic environments. a river system is selected and one-dimensional flow is assumed for the simulation of pollutant transport in this paper. advective and diffusive terms of transport equation are considered separately. different functions of advective transport are proposed and applied for a specified velocity on the discret...

chess is considered as a cognitive game because of severe engagement of the mental resources during playing. the purpose of this study is evaluation of frontal lobe function of chess players with matched non-players. wisconsin card sorting test (wcst) data showed no difference between the player and non-player groups in preservation error and completed categories but surprisingly showed signifi...