Paths of a Continuum of Independent Random Variables

We outline the basic method of analysis, similar to Judd (1985), that allows to show that for the paths of a continuum of independent â€” not necessarily i.i.d. â€” random variables certain properties can be assumed. In particular, we find that the assumption of a continuum of independent random variables and the assumption that all paths are surjective can both be satisfied for some model specifications.

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Year of publication:	2013
Authors:	Haller, Hans ; Yi, Ming
Institutions:	Department of Economics, Virginia Polytechnic Institute and State University (Virginia Tech)
Subject:	Continuum of Random Variables \| Surjective Paths \| Law of Large Numbers

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	8 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010778623