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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: D81 E17 D8 C1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
Date: 2009-12-15
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Handle: RePEc:pra:mprapa:19348