Sun, Yeneng; Zhang, Yongchao - In: Journal of Economic Theory 144 (2009) 1, pp. 432-443
Many economic models include random shocks imposed on a large number (continuum) of economic agents with individual risk. In this context, an exact law of large numbers and its converse is presented in [Y.N. Sun, The exact law of large numbers via Fubini extension and characterization of...