TY - JOUR
T1 - Two Remarks on the Infinite Approximation of a Finite World in Economic Models
AU - Luckraz, Shravan
N1 - Publisher Copyright:
© 2022 Shravan Luckraz.
PY - 2022
Y1 - 2022
N2 - While the assumption of infinity is prevalent in almost every area of economics, for two well-known frameworks in decision theory, we note some fundamental differences between the finite versions and their infinite counterpart. The first is on the usage of mixed strategies in finite games, while the second is on a characterization of the truth axiom in models of information and knowledge, where the properties of belief can be related to the properties of preference.
AB - While the assumption of infinity is prevalent in almost every area of economics, for two well-known frameworks in decision theory, we note some fundamental differences between the finite versions and their infinite counterpart. The first is on the usage of mixed strategies in finite games, while the second is on a characterization of the truth axiom in models of information and knowledge, where the properties of belief can be related to the properties of preference.
UR - http://www.scopus.com/inward/record.url?scp=85124231694&partnerID=8YFLogxK
U2 - 10.1155/2022/2457746
DO - 10.1155/2022/2457746
M3 - Article
AN - SCOPUS:85124231694
SN - 2314-4629
VL - 2022
JO - Journal of Mathematics
JF - Journal of Mathematics
M1 - 2457746
ER -