Random Sets in Econometrics: Series Number 60 (Econometric Society Monographs, Series Number 60)

Molchanov, Ilya Ilya Molchanov, Francesca Molinari,

ISBN 10: 1107121205 / ISBN 13: 9781107121201

Published by Cambridge University Press, 2018

About this Item

Random Sets in Econometrics: Series Number 60 (Econometric Society Monographs, Series Number 60) This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. .

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Bibliographic Details

• Title: Random Sets in Econometrics: Series Number 60 (Econometric Society Monographs, Series Number 60)
• Publisher: Cambridge University Press
• Publication Date: 2018
• Language: English
• ISBN 10: 1107121205
• ISBN 13: 9781107121201
• Binding: hardcover
• Condition: Very Good

About this title

Synopsis

Random set theory is a fascinating branch of mathematics that amalgamates techniques from topology, convex geometry, and probability theory. Social scientists routinely conduct empirical work with data and modelling assumptions that reveal a set to which the parameter of interest belongs, but not its exact value. Random set theory provides a coherent mathematical framework to conduct identification analysis and statistical inference in this setting and has become a fundamental tool in econometrics and finance. This is the first book dedicated to the use of the theory in econometrics, written to be accessible for readers without a background in pure mathematics. Molchanov and Molinari define the basics of the theory and illustrate the mathematical concepts by their application in the analysis of econometric models. The book includes sets of exercises to accompany each chapter as well as examples to help readers apply the theory effectively.

About the Authors

Ilya Molchanov is Professor of Probability at the Universität Bern, Switzerland, having previously worked in Germany, the Netherlands and Scotland. His research and publications focus on probability theory, spatial statistics, and mathematical finance, with the main emphasis on stochastic geometry and the theory of random sets.

Francesca Molinari is the H. T. Warshow and Robert Irving Warshow Professor of Economics at Cornell University, New York. She is a specialist in econometric theory, with emphasis on partial identification. She authored numerous papers in this area, including empirical ones on estimation of risk preferences using property insurance data.