Caticha, Ariel; Golan, Amos - In: Physica A: Statistical Mechanics and its Applications 408 (2014) C, pp. 149-163
We develop an information-theoretic framework for economic modeling. This framework is based on principles of entropic … inference that are designed for reasoning on the basis of incomplete information. We take the point of view of an external … observer who has access to limited information about broad macroscopic economic features. We view this framework as …