tag:blogger.com,1999:blog-6837159629100463303.post8763115042378331833..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: Economic potentials or: How to define an economyJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6837159629100463303.post-77773219546828552312015-10-13T17:28:54.296-07:002015-10-13T17:28:54.296-07:00In looking at your paper on information theory != ...In looking at your paper on information theory != thermodynamics, I'm not sure I understand why it is important to drive home the distinction between thermodynamics and information theory.<br /><br />Information theory is thermodynamics without the conservation laws (symmetries like time and space translation). However, if we put on the blackboard the first day of thermodynamics class:<br /><br />"information theory isn't a useful way to think about thermodynamics"<br /><br />what do we gain? Let's say some student reads that on the blackboard and says:<br /><br />"Oh! I see, I would have thought X using information theory as a frame, but now I see Y."<br /><br />What are X and Y?Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-69801458004187836222015-10-13T15:38:35.953-07:002015-10-13T15:38:35.953-07:00Cheers.
That is an interesting collection of work...Cheers.<br /><br />That is an interesting collection of work.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-20155535200774284302015-10-13T11:17:32.725-07:002015-10-13T11:17:32.725-07:00It's funny to see you going in cold turkey and...It's funny to see you going in cold turkey and attempting to do the derivation; anyway I started an Hmolpedia article on you:<br /><br />http://www.eoht.info/page/Jason+Smith<br /><br />You would be wise to spend time on this page:<br /><br />http://www.eoht.info/page/Human+thermodynamics+variables+table<br /><br />and to scrap Shannon.Libb Thimshttps://www.blogger.com/profile/09459903382449813489noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-25718083280991579092015-04-26T09:53:06.322-07:002015-04-26T09:53:06.322-07:00The T*S term comes from the large number of exchan...The T*S term comes from the large number of exchanges in an economy ... More technically it represents the generalized force against undoing moves towards equilibrium (and is maximized at equilibrium). I interpreted this as a lack of desire to undo utility gains from exchange, but as even mindless atoms in this system would do the same thing it's probably not useful to put any kind of behavioral interpretation on it :)Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-56679945865280827832015-04-25T21:04:08.569-07:002015-04-25T21:04:08.569-07:00This comment has been removed by the author.LALhttps://www.blogger.com/profile/08196675112184615614noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-59498761693922948522015-04-25T21:02:56.738-07:002015-04-25T21:02:56.738-07:00I'm not sure I understand why TS should be con...I'm not sure I understand why TS should be consider gains in welfare...this increase in "value" you mention could just be a signal of say a house mortgage as being good currency for stocks and any welfare could be only through the agents' expectations of value from the house payments or selling the stock...LALhttps://www.blogger.com/profile/08196675112184615614noreply@blogger.com