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I entertain a generalization of the standard Bolzmann-Gibbs-Shannon measure of entropy in multiplier preferences of …
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that price. We show that this complete informativeness ordering is represented by the decrease in entropy of his beliefs … ordering based on similar premises exists. -- Informativeness ; information structures ; entropy ; decision under uncertainty …
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Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative channel of uncertainty - data uncertainty. This paper adds on...
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