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Applying Maximum Entropy to Econometric Problems

Applying Maximum Entropy to Econometric Problems

Hardcover

Series: Advances in Econometrics, Book 12

EconomicsSports General

ISBN10: 0762301872
ISBN13: 9780762301874
Publisher: Emerald Pub Ltd
Published: Jul 25 1997
Pages: 374
Weight: 1.54
Height: 0.88 Width: 6.14 Depth: 9.21
Language: English
The entropy concept was developed and used by Shannon in 1940 as a measure of uncertainty in the context of information theory. In 1957 Jaynes made use of Shannon's entropy concept as a basis for estimation and inference in problems that are ill-suited for traditional statistical procedures. This volume consists of two sections. The first section contains papers developing econometric methods based on the entropy principle. An interesting array of applications is presented in the second section of the volume.

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Economics