Ruptures in the probability scale? Calculation of ruptures’ dimensions

Harin, Alexander (2009): Ruptures in the probability scale? Calculation of ruptures’ dimensions.

Abstract

The article raises the question of possible existence of ruptures, gaps in the probability scale which are caused by noises, uncertainties. A hypothesis of existence of such ruptures may be used to solve a number of problems of, e.g., utility theory in economics. The calculations give the dimensions of ruptures can be more than 1/3 of the standard deviation for the standard probability distributions.

• Item Type: MPRA Paper
• Language: English
• Keywords: probability, uncertainty, utility, economics, decisions, risk,
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E17 - Forecasting and Simulation: Models and Applications; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General

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