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- W1504351031 abstract "Most prices and interest rates display fluctuating levels that embody extractable energy and equivalent amounts of money. Such fluctuations are also associated with varying degrees of uncertainty. Shannon's derivations of spectral entropy and information content offer computational techniques for unraveling the portion of useful economies that is resident in such cycles that nevertheless goes unaccounted for as a significant source of missing data in the composition of the overall economy. Shannon's concept of spectral entropy can also be exploited to quantify the amount of uncertainty that would preside over expectations, either adaptive or rational. Apart from Clausius-type and Boltzmannian derivations, Shannon's derivation of entropy which follows Boltzmann's lead, can be applied to price and rate fluctuations, thus unraveling a higher order generator mechanism for cost pressure and inflation. In this working paper the basis and fundamentals of Shannon- Weaver formulas are discussed, in their raw forms, prior to application samples that will follow in a separate article." @default.
- W1504351031 created "2016-06-24" @default.
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- W1504351031 date "2001-12-10" @default.
- W1504351031 modified "2023-09-27" @default.
- W1504351031 title "Uncertainty, Indeterminacy and Shannon's Derivation of Entropy: Implications for Policy Administration - A Systems Theoretical Approach" @default.
- W1504351031 hasPublicationYear "2001" @default.
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