. We intend to show in this paper how a physics concept such as entropy can be applied to an economic problem. In so doing … Maximum relative Entropy (MrE). A general example of updating with data and moments is shown. Two specific econometric …

concurrent decrease in the conformational entropy of the polypeptide chain. However, to provide a description that is consistent … with other natural processes, protein folding is formulated from the principle of increasing entropy. It then becomes … steeply ascending paths on the entropy landscape that correspond to steeply descending paths on the free energy landscape. The …

their steady state, two apparently opposed principles for their rate of entropy production have been proposed: the minimum … entropy production rate and the maximum entropy production, useful in the analysis of dissipation and irreversibility of … entropy production at the steady state under non-equilibrium conditions. On the other hand, in engineering thermodynamics …

The general formulas of the network for the power exponents of the degree distribution and the entropy are presented …

We consider the calculation of the excess entropy in the grand canonical ensemble and redevelop a systematic expansion … in terms of the multiparticle correlation functions. The exact expansion for the entropy is written as two series of … functions including both pair and triplet correlation functions (generalizing ring diagram expansion). The stationary entropy …

paper investigates the dispersion in the distribution of foreign aid using the Theil entropy measure of inequality. Results …

evolved to reach a stationary state, internal flows manifest themselves as internal processes. Here, the entropy generation … surroundings. This provides the link between the entropy generation extrema approach and the constructal law. …

observations from the Dow Jones. We compute the entropy based on the singular value decomposition of the correlation matrix for the … components of the Dow Jones Industrial Index. Based on a moving window, we derive time varying measures of entropy for both daily … and monthly data. We find that the entropy has a predictive ability with respect to stock market dynamics as indicated by …

In the framework of the information theory, entropy measures the level of disorder of a system or its uncertainty …. Varotsos et al. (2004) introduced the concept of entropy in natural time domain as a discriminating statistics. In this paper …, we analyzed the fluctuations of entropy, δS, of synthetic seismicity produced by an experimental stick–slip system in …