On Supermodularity and Applications of the CPT-like Functionals

Source abstract

In this paper, expanding the concept of supermodularity of the Choquet integral, we present results from the recent authors paper related to the supermodularity of CPT-like functionals. Applications of CPT-like monotone integrals are illustrated with examples through the application of CPT-like functionals in decision-making for the representation of a preference relation and as actuarial integral-based premium principles.