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Econometrics of Information and Efficiency
Jati K. Sengupta
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Description for Econometrics of Information and Efficiency
Hardback. Econometrics as an applied discipline attempts to use information in an efficient manner, yet the information theory and entropy approach has not played much of a role in applied econometrics. This volume analyzes the applications of the tools of information theory to the commonly used models in econometrics. Series: Theory and Decision Library B. Num Pages: 258 pages, biography. BIC Classification: KCA; KCH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 240 x 161 x 20. Weight in Grams: 592.
Econometrics as an applied discipline attempts to use information in a most efficient manner, yet the information theory and entropy approach developed by Shannon and others has not played much of a role in applied econometrics. Econometrics of Information and Efficiency bridges the gap.
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 ... Read more
Econometrics as an applied discipline attempts to use information in a most efficient manner, yet the information theory and entropy approach developed by Shannon and others has not played much of a role in applied econometrics. Econometrics of Information and Efficiency bridges the gap.
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 ... Read more
Product Details
Format
Hardback
Publication date
1993
Publisher
Kluwer Academic Publishers United States
Number of pages
258
Condition
New
Series
Theory and Decision Library B
Number of Pages
258
Place of Publication
Dordrecht, Netherlands
ISBN
9780792323532
SKU
V9780792323532
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Econometrics of Information and Efficiency
`I would recommend it highly to graduate students and researchers who are engaged in information-based economics.' The Statistician, 44:2, 1995