Publisher's Synopsis
This book investigates applications of probability theory to random events from an economic standpoint and considers how economics can deal with uncertainty in today's world. As such the nature of chance and probability will be discussed with examples taken from the theoretical literature in probability and the history of economic thought, as well as real-life events.
This book will be of interest to researchers and students in economics, statistics, and those in the social sciences interested in questions of randomness and chance.