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arXiv · 2304.02818

A Nonlinear Sandwich Theorem

Mario Ghossoub·Giulio Principi·Lorenzo Stanca
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Abstract

We provide a Sandwich Theorem (K\"onig (1972)) for positively homogeneous functionals that satisfy additivity only on a restricted domain. Our relaxation of additivity is based on a binary relation called convex-conic symmetric preorder, whereby additivity is restricted to all couples of elements that belong to such relation. We then study applications of our nonlinear Sandwich Theorem, proving extension and envelope representation results. Finally, we consider some applications to comonotonicity, a key property in decision theory, risk measurement, and the theory of risk sharing.

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Mario Ghossoub, Giulio Principi, Lorenzo Stanca. 2023-04-06. A Nonlinear Sandwich Theorem. https://arxiv.org/abs/2304.02818

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