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the possible reduction of the internal process Boltzmann entropy and increase of external Shannon entropy of each …
Persistent link: https://www.econbiz.de/10005077084
explained by a new information theory generalized from Shannon’s entropy theory of information. Investor performance and market …
Persistent link: https://www.econbiz.de/10005134939
reduction of the internal entropy and increase of external entropy of each potential investment and process at a certain time …
Persistent link: https://www.econbiz.de/10005134990
. The common factor involved in the relationship analysis is that currently associated with entropy, being the underlying …
Persistent link: https://www.econbiz.de/10005062749
relations between economic development and environment conservation with the perspective of a systems entropy flow limits …
Persistent link: https://www.econbiz.de/10005062755
An econometric methodology is developed for nonparametric estimation of concave production technologies. The methodology, bases on the priciple of maximum likelihood, uses entropic distance and concvex programming techniques to estimate production functions.
Persistent link: https://www.econbiz.de/10005407883
all schools of thought in economics. Subsequently, STM relates inflation to a state function, namely entropy, and derives … it as an irreversible process. The part of STM that equates inflation with cost pressures stemming from entropy …
Persistent link: https://www.econbiz.de/10005412616
Accounting at various times has been referred to as a communication process, a language, and a conveyor of information. Given this condition, an analysis of accounting in terms of the theories relating to those references would enable an understanding of: (1) how well the parts of accounting...
Persistent link: https://www.econbiz.de/10005561746
The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...
Persistent link: https://www.econbiz.de/10005076681
and market risk. We further discuss briefly the hedging of European options along with the local risk minimization … principle. Specifically, we attempt to find a strategy, which dominates the usual partial hedging technique often imposed by …
Persistent link: https://www.econbiz.de/10005134850