Ruptures in the probability scale? Calculation of ruptures’ dimensions
MPRA Paper from University Library of Munich, Germany
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: D81 E17 D8 C1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19348
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