Archive for June 23rd, 2008

Non-standard analysis in economics

Monday, June 23rd, 2008

I see, via Yet Another Sheep, that nonstandard analysis has spread to mathematical economics. Robert Anderson has a book manuscript available, Infinitesimal Methods in Mathematical Economics which explains how to apply nonstandard analysis to approximate economies with large numbers of agents. The main technique is Loeb measures, which is something that I plan on writing a post on, once I actually know anything about them.