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APPLICATION OF PROBABILITY THEORY IN ECONOMICS

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ARTICLE ANNOTATION

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This article discusses the application of probability theory in economics. Probability theory is an important tool for accounting for uncertainties and assessing risks in various economic processes. The article provides detailed information on the application of this theory in risk management, insurance and investment, market analysis and game theory. With the help of probability theory, the possibilities of preliminary assessment of economic events and making optimal decisions are studied. This article shows the importance of using probability theory in economic analysis and decision making

AUTHORS

J.Quljanov

Samarqand iqtisodiyot va servis instituti

SH.Samandarova

Samarqand shahar 14-maktab

Tags

# экономический рост.# economic growth.# hodisa# events# статистика# statistics# financial markets# страхование# insurance# probability theory# statistik# ehtimollar nazariyasi# теория вероятностей# sug‘urta# События# moliyaviy bozorlar# o‘yin nazariyasi# iqtisodiy masalalar# makroiqtisodiy modellashtirish# iqtisodiy o‘sish.# финансовые рынки# теория игр# экономические вопросы# макроэкономическое моделировани# game theory# economic issues# macroeconomic modeling

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Article Identifiers

ROI:

https://eroi.uz/11.0183/A1024-0016

DOI:

Not Available

References

Gujarati, D.N., & Porter, D.C. (2009). Basic Econometrics (5th ed.). McGraw-Hill/Irwin. ISBN10: 0-07-337577-2 ISBN-13: 978-0-07-337577-9

Hogg, R.V., McKean, J.W., & Craig, A.T. (2005). Introduction to Mathematical Statistics. Pearson Education. ISBN 10: 0-13-468699-3 ISBN 13: 978-0-13-468699-8.

Kaas, R., Goovaerts, M., Dhaene, J., & Denuit, M. (2008). Modern Actuarial Risk Theory: Using R (2nd ed.). Springer. ISBN: 978-3-642-03407-7 e-ISBN: 978-3-540-70998-5.

Knight, F. H. (1921). Risk, Uncertainty, and Profit. Hart, Schaffner & Marx.

Myerson, R. B. (1991). Game Theory: Analysis of Conflict. Harvard University Press. https://doi.org/10.2307/j.ctvjsf522.

Ross, S.M. (2014). Introduction to Probability Models (11th ed.). Academic Press. ISBN: 978- 0-12-407948-9.

Varian, H.R. (1992). Microeconomic Analysis (3rd ed.). W.W. Norton & Company. ISBN: 0- 393-95735-7.

Wooldridge, J. M. (2015). Introductory Econometrics: A Modern Approach (6th ed.). Cengage Learning. ISBN-10: 1-111-53104-8 ISBN-13: 978-1-111-53104-1