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What Is Randomness?: Knowable and Unknowable Complexity

Michael R. Powers

in Acts of God and Man: Ruminations on Risk and Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231153676
eISBN:
9780231527057
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231153676.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

Random variables are commonly used to model unknown quantities, including the full gamut of risks, in the physical world. However, this generally is done without either a formal definition of ... More


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