A stochastic channel state information transmission/reception method and apparatus is provided for use in a multiuser radio communication system. The signal method of transmitting and receiving signals in a terminal in a mobile communication system according to the present disclosure includes receiving a reference signal transmitted by a base station, estimating channel information based on the reference signal, predicting a channel estimation error based on the channel information, generating feedback information based on the channel estimation error, and transmitting feedback information to the base station.