A. Berkaoui
Abstract
Scalar invariance is a fundamental property in the theory of risk measures. In this paper, we investigate scalar invariant maps on $ {L^{\infty}} $ through two main directions. First, we introduce the notions of scalar closedness and scalar solidity for pseudo-acceptance sets and show that these properties provide a necessary and sufficient characterization of acceptance sets without requiring convexity or $ {\mathrm{weak}}^*{\text{-closedness}} $. Second, we develop a generalized duality framework between $ {L^{\infty}} $ and the class of scalar invariant maps, based on the evaluation pairing $ (h,\phi)\rightarrow \phi(h) $. This leads to a bipolar-type representation for acceptance sets under minimal structural assumptions. Finally, we introduce a hull operator associated with abstract properties on scalar invariant maps, interpret it as the largest minorant satisfying a given property, and study consistency and representation results. Several classical properties (convexity, subadditivity, monotonicity, etc.) are revisited within this framework, and explicit formulas for the associated hulls are provided.
Citation format
BERKAOUI, A. On scalar invariant maps and applications. Probability, Uncertainty and Quantitative Risk, 2026.