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Constructing Random Probability Distributions, Theodore P. Hill, David E.R. Sitton
Constructing Random Probability Distributions, Theodore P. Hill, David E.R. Sitton
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This article surveys several classes of iterative methods for constructing random probability distributions (or random convex functions, or random homeomorphisms), and includes illustrative applications in statistics, optimal-control theory, and game theory. Computer simulations of these methods are fast and easy to implement