Scholarlink

A big role becomes entropy in decision-making according Suppes’ and Luce’ approach. In analogy the Bose Einstein hypothesis we derive an operational definition of an efficient market by means of entropy: Nobody has an incentive for acting to improve his/her position. The market shows the highest entropy figure.

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Entropy and Economic Efficiency

  • 章节

  • 发表日期：

    2025年

查看全文
  • Otto Loistl,
  • Georg Behm,
  • Sascha Bakry

摘要

A big role becomes entropy in decision-making according Suppes’ and Luce’ approach. In analogy the Bose Einstein hypothesis we derive an operational definition of an efficient market by means of entropy: Nobody has an incentive for acting to improve his/her position. The market shows the highest entropy figure.