APPLICATION OF PROBABILITY THEORY IN ECONOMICS
DOI:
https://doi.org/10.60078/2992-877X-2024-vol2-iss8-pp109-115Abstract
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.
Keywords:
probability theory events statistics financial markets insurance game theory economic issues macroeconomic modeling economic growthReferences
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