Tuesday, May 16, 2017

Explore more about information equilibrium

Originally formulated by physicists Peter Fielitz and Guenter Borchardt for natural complex systems, information equilibrium [arXiv:physics.gen-ph] is a potentially useful framework for understanding many economic phenomena. Here are some additional resources:


A tour of information equilibrium
Slide presentation (51 slides)


Dynamic equilibrium and information equilibrium
Slide presentation (19 slides)


Maximum entropy and information theory approaches to economics
Slide presentation (27 slides)


Information equilibrium as an economic principle
Pre-print/working paper (44 pages)

1 comment:

  1. 4 hours and my head hurts, indicating my math isn't up to a detailed critique - but it looks interesting.
    Nothing I could fault, but I can't be confident something isn't hiding in the assumptions.
    Someone with better skills in this domain required.

    ReplyDelete

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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.