Infinite Lotteries, Spinners, Applicability of Hyperreals†
نویسندگان
چکیده
منابع مشابه
Fair infinite lotteries
This article discusses the question how the concept of a fair finite lottery can best be extended to denumerably infinite lotteries. Techniques and ideas from non-standard analysis are brought to bear on the problem.
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Prescott emphasizes similarities between lotteries that smooth nonconvexities for firms and for consumer-workers. We emphasize their differences. We also argue that models with employment lotteries that are used to generate unemployed individuals in a frictionless framework can have very different implications than models embodying frictional unemployment. As an illustration, models with employ...
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ژورنال
عنوان ژورنال: Philosophia Mathematica
سال: 2020
ISSN: 0031-8019,1744-6406
DOI: 10.1093/philmat/nkaa032