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Probability Theory
Probability Theory
10
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Definitions
Asymptotic Distribution
Economics
Statistics
Probability Theory
A distribution used to approximate the true finite sample distribution of a random variable.
Read more about Asymptotic Distribution.
Definitions
Almost Sure Convergence
Economics
Probability Theory
Statistics
Random Variable Convergence
An In-depth Exploration of Almost Sure Convergence in the Field of Economics
Read more about Almost Sure Convergence.
Definitions
Bayes Theorem
Bayes Theorem
Probability Theory
Statistics
A foundational relationship in probability theory that connects conditional probabilities with marginal probabilities.
Read more about Bayes Theorem.
Definitions
Brownian Motion
Economics
Probability Theory
Mathematical Economics
Wiener Process
An examination of Brownian motion, its definition, historical context, and significance in various fields of economics.
Read more about Brownian Motion.
Definitions
Continuous Random Variable
Continuous Random Variable
Economics
Probability Theory
Statistical Analysis
A comprehensive overview of continuous random variables, their essential components, and their application within various economic frameworks.
Read more about Continuous Random Variable.
Definitions
Convergence in Distribution
Economics
Probability Theory
Statistics
Convergence
A detailed examination of the concept of convergence in distribution within economics and probability theory
Read more about Convergence in Distribution.
Definitions
Exponential Distribution
Exponential Distribution
Probability Theory
Economics
A comprehensive overview of the exponential distribution, its properties, and applications in economics
Read more about Exponential Distribution.
Definitions
Law of Large Numbers
Statistics
Probability Theory
Economics
A statistical theorem stating that as the number of trials increases, the sample average will converge to the expected mean.
Read more about Law of Large Numbers.
Definitions
Location-Scale Family of Distributions
Statistics
Probability Theory
Econometrics
Definition and meaning of the location-scale family of distributions, exploring its foundational concepts and applications in various economic frameworks.
Read more about Location-Scale Family of Distributions.
Definitions
Martingale
Stochastic Process
Econometrics
Mathematical Finance
Probability Theory
A stochastic process where the expected future value of a variable, given the current information, is equal to its current value.
Read more about Martingale.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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