Individual Randomness in Economic Models with a Continuum Agents.

The lack of a law of large numbers for a continuum of random variables has casted doubt on several important economic models. This work presents a new framwork for the analysis of stochastic mass phenomena in economic, without departing from usual measure theory techniques.

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Year of publication:	1998
Authors:	Alos-Ferrer, C.
Institutions:	Olin School of Business, Washington University in St. Louis
Subject:	RANDOM VARIABLES \| ECONOMIC MODELS

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Series:	Washington St. Louis - School of Business and Political Economy.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	C60 - Mathematical Methods and Programming. General ; D80 - Information and Uncertainty. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005487064