Measure Theory

Discipline: Economics

Measure theory is a branch of mathematics dealing with the attribution of measure to subsets of a given set.

In economics, measure theory is useful in analyzing the influence that individuals or groups have on market operations. It also underpins probability theory and the measure of the frequency of phenomena.

Also see: information theory, uncertainty

Source:
P R Halmos, Measure Theory (Princeton, N.J., 1961)

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