Revised based on comments. Measure-theoretic probability is used in finance (among other fields).

Poftethef9t

Poftethef9t

Answered question

2022-06-16

Revised based on comments.
Measure-theoretic probability is used in finance (among other fields).
However, was wondering where unbounded measures are used, outside of mathematics and physics. For example, is there a use for unbounded measures in finance or biology or business?
Apologies for a broad question -- there really is not 'right answer' but hoping this group will have suggestions. Many thanks!

Answer & Explanation

popman14ee

popman14ee

Beginner2022-06-17Added 19 answers

It is the basis for Analysis: Existence and uniqueness of the Lebesgue measure ("the standard volume") is proven in Measure theory, the Lebesgue measure is used when integrating (Analysis).

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