Probabilities and Expectations

Pablo Koch-Medina and Cosimo Munari
Additional contact information
Pablo Koch-Medina: University of Zurich, Department of Banking and Finance
Cosimo Munari: University of Zurich, Department of Banking and Finance

Chapter 2 in Market-Consistent Prices, 2020, pp 25-58 from Springer

Abstract: Abstract In this chapter we introduce the language of probability theory on finite sample spaces. A probability measure assigns to each possible outcome of a random experiment a number that is interpreted as its “likelihood” of occurrence. We explore elementary properties of probability measures and introduce the important concepts of expectation and variance of a random variable. In the last section we also give a very brief account of the important discussions about the meaning of probability.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-39724-1_2

Ordering information: This item can be ordered from
http://www.springer.com/9783030397241

DOI: 10.1007/978-3-030-39724-1_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().