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Summary. In the context of a continuum of random variables, arising, for example, as rates of return in financial markets with a continuum of assets, or as individual responses in games with a continuum of players, an important economic issue is to show how idiosyncratic risk can be removed through some device of aggregation or diversification when such risk is explicitly introduced into the model...
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AND PHRASES: WEAK MEASURABILITY PETTIS INTEGRABILITY BOCHNER INTEGRABILITY DECOMPOSITION LAW OF LARGE NUMBERS LARGE GAMES. JEL CLASSIFICATION NUMBERS: C60 D80.
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