Volume 2016
http://edoc.hu-berlin.de/18452/631
2022-09-29T18:35:10ZUniformly monotone functions - defiitions, properties, characterizations
http://edoc.hu-berlin.de/18452/9104
Uniformly monotone functions - defiitions, properties, characterizations
Lachout, Petr
Higle, Julie L.; RĂ¶misch, Werner; Sen, Surrajeet
Quasi-concave functions play an important role in economics and finance as utility functions, measures of risk or other objects used, mainly,in portfolio selection analysis. A special attention is paid to these functions in the minimax theory. Unfortunately, their limited application is due to the fact that supremum, sum, product of quasi-concave functions are typically not quasi-concave. This difficulty is overcome by establishing of uniformly quasi-concave functions, due to Prékopa, Yoda andSubasi (2011). We contribute with a new characterization of uniformlyquasi-concave functions that allows easier verfication and provide morestraightforward insight.
2016-09-05T00:00:00Z