A note on the absurd law of large numbers in economics

DOI10.1016/J.JMAA.2011.10.040MaRDI QIDQ662052zbMATH OpenOpenAlexFDO

Authors Patrizia Berti, Michele Gori, Pietro Rigo

Publication date 11 February 2012

Published in Journal of Mathematical Analysis and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmaa.2011.10.040

zbMATH Keywords

aggregate uncertaintyextensionfinitely additive probability measureindividual risklaw of large numbers

Mathematics Subject Classification ID

Strong limit theorems (60F15) Stochastic models in economics (91B70)

Recommendations

• The law of large numbers with a continuum of i.i.d. random variables
• A law of large numbers for large economies
• Modeling large societies: why countable additivity is necessary
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Cites work

• An expository note on individual risk without aggregate uncertainty
• scientific article; zbMATH DE number 1405949 (Why is no real title available?)
• Individual risk and Lebesgue extension without aggregate uncertainty
• On existence of rich Fubini extensions
• Skorohod representation on a given probability space
• Stochastic Processes Depending on a Continuous Parameter
• The exact law of large numbers via Fubini extension and characterization of insurable risks
• The law of large numbers with a continuum of i.i.d. random variables

Cited in

(6)

• The law of large numbers with a continuum of i.i.d. random variables
• Dynamic directed random matching
• Aggregation and the law of large numbers in large economies
• A law of large numbers for large economies
• Modeling large societies: why countable additivity is necessary
• Envelopes of conditional probabilities extending a strategy and a prior probability

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