Econometrics of Information and Efficiency
| Author | : Jati Sengupta |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 278 |
| Release | : 1993-07-31 |
| ISBN-10 | : 079232353X |
| ISBN-13 | : 9780792323532 |
| Rating | : 4/5 (532 Downloads) |
Book Synopsis Econometrics of Information and Efficiency by : Jati Sengupta
Download or read book Econometrics of Information and Efficiency written by Jati Sengupta and published by Springer Science & Business Media. This book was released on 1993-07-31 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Broadly viewed, information theory analyzes the uncertainty of a given set of data and its probabilistic characteristics. Whereas the economic theory of information emphasizes the value of information to agents in a market, the entropy theory stresses the various aspects of imprecision of data and their interactions with the subjective decision processes.
