A theory of hyperfinite processes: The complete removal of individual uncertainty via exact LLN (Q1300509)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | A theory of hyperfinite processes: The complete removal of individual uncertainty via exact LLN |
scientific article |
Statements
A theory of hyperfinite processes: The complete removal of individual uncertainty via exact LLN (English)
0 references
10 May 2000
0 references
There is a measure-theoretic framework for the study of the ideal limit of a large number of random variables. Some relationships between the above subject and economic models are shown. A characterization of macroscopic stability is formalized by the law of large numbers via microscopic conditions involving the basic notions of conditional expectation, orthogonality, uncorrelatedness and independence as well as some unifying multiplicative properties of random variables.
0 references
individual risk
0 references
macroscopic stability
0 references
law of large numbers
0 references
0 references
0 references
0 references
0 references