A note on the absurd law of large numbers in economics

DOI10.1016/j.jmaa.2011.10.040zbMath1238.60035OpenAlexW2150135493MaRDI QIDQ662052

Patrizia Berti, Pietro Rigo, Michele Gori

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

law of large numbersextensionfinitely additive probability measureaggregate uncertaintyindividual risk

Mathematics Subject Classification ID

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

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Cites Work

• Unnamed Item
• An expository note on individual risk without aggregate uncertainty
• Skorohod representation on a given probability space
• Individual risk and Lebesgue extension without aggregate uncertainty
• The law of large numbers with a continuum of i.i.d. random variables
• The exact law of large numbers via Fubini extension and characterization of insurable risks
• Stochastic Processes Depending on a Continuous Parameter
• On existence of rich Fubini extensions

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