Classical ("discrete") error correction is like: assume every bit you send has an independent probability p of being flipped. Figure out ways of encoding/decoding a message of n bits using n+k bits that minimizes the probability of an error. Where can I read about the ℝ-analog?
@ayegill there is some stuff about this in Shannon's paper (A Mathematical Theory of Communication) - see part IV.
I'm thinking something like: A message is a tuple of real numbers. Each numbers gets an independent noise term of variance σ added to it. Figure out encoding/decoding that minimizes the expected squared distance between intended message and decoded message.