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The ruptures in the probability scale and some problems of modelling

Author

Listed:
  • Alexander Harin

    (Modern University for the Humanities)

Abstract

The report, that has been presented on the Third International Conference on Mathematical Modelling of Social and Economical Dynamics MMSED-2010, is devoted to applications of the modern achievements of probability theory to economics. The "four-fold-pattern" paradox is used as an example of application of the theorem of existence of the ruptures in the probability scale to solution of some problems of modelling of the economic behavior of a man. The existence of the ruptures near the borders of the probability scale has been proved to solve the problems in the all four "folds" of the "four-fold-pattern" paradox.

Suggested Citation

  • Alexander Harin, 2010. "The ruptures in the probability scale and some problems of modelling," Economics Bulletin, AccessEcon, vol. 30(2), pages 1-18.
  • Handle: RePEc:ebl:ecbull:eb-10-00400
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    File URL: http://www.accessecon.com/pubs/EB/2010/Volume30/EB-10-V30-I2-A18.pdf
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    Cited by:

    1. Harin, Alexander, 2010. "Theorem of existence of ruptures in probability scale. Preliminary short version," MPRA Paper 23319, University Library of Munich, Germany.
    2. Harin, Alexander, 2011. "The theorem of existence of the ruptures in probability scale and the basic question of insurance," MPRA Paper 34780, University Library of Munich, Germany.

    More about this item

    Keywords

    modelling; modeling; economics; utility; decisions; uncertainty; risk; probability;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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