Economic Analysis of Random Events

Economic Analysis of Random Events

Economic Perspectives on Probability Theory, Statistical Inference and the Nature of Chance

Hacioglu, Volkan

Springer International Publishing AG

07/2024

182

Dura

9783031530777

Pré-lançamento - envio 15 a 20 dias após a sua edição

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1. Introduction.- 2. The True Nature of Randomness and the Element of Chance.- 3. Rethinking the Concept of (In)Opportunity Cost & Parable of Broken Window: A Reflection of Frederic Bastiat.- 4. The Economic Effect of Human Action in Relation to Artificial Intelligence.- 5. The Question of Conjecture in Economics and Probability: On the Applicability of Probability Theory to the Randomness of Economic Events.- 6. The Anatomy of Accident as a Deviation from Random Walk.- 7. Observable and Unobservable as Opposed to 'Seen and Unseen'.- 8. Conclusions.
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probability theory;random events;economic analysis of uncertainty;applied probability theory;random walk hypotheses;observable and unobservable phenomena;understanding random events through big data;statistical methods for economics