Giffin, Adom - In: Physica A: Statistical Mechanics and its Applications 388 (2009) 8, pp. 1610-1620
Econophysics, is based on the premise that some ideas and methods from physics can be applied to economic situations. We intend to show in this paper how a physics concept such as entropy can be applied to an economic problem. In so doing, we demonstrate how information in the form of observable...