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Inequalities and zones. New mathematical results for behavioral and social sciences

Alexander Harin

MPRA Paper from University Library of Munich, Germany

Abstract: A theorem, mathematical method and model are introduced in the present article. Inequalities, allowed and forbidden zones, their relations, consequences, and applications are considered for the expectations of random variables. The method and model are based on the inequalities and zones of the theorem. The article is motivated by the need for theoretical support for the practical analysis performed for the purposes of behavioral economics.

Keywords: probability; variance; noise; bias; measurement; utility theory; prospect theory; behavioral economics; psychology; social sciences (search for similar items in EconPapers)
JEL-codes: C02 C1 D8 D81 D84 (search for similar items in EconPapers)
Date: 2018-12-01
New Economics Papers: this item is included in nep-cbe and nep-upt
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