We introduce a computational technique- precomputation of integrals - that makes it possible to construct conditional expectation functions in dynamic stochastic models in the initial stage of a solution procedure. This technique is very general: it works for a broad class of approximating...

This is the partial manuscript of a book developing the tools of nonstandard analysis, geared to applications in mathematical economics. It was written over the period 1993-2008. There is no plan to complete and publish it