Ruptures in the probability scale? Calculation of ruptures’ dimensions

Alexander Harin

MPRA Paper from University Library of Munich, Germany

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.

Keywords: probability; uncertainty; utility; economics; decisions; risk (search for similar items in EconPapers)
JEL-codes: C1 D8 D81 E17 (search for similar items in EconPapers)
Date: 2009-12-15
New Economics Papers: this item is included in nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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