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entropy and Jaynes generalisation of the maximum entropy approach as a general recipe for statistical inference. In Dewar's words: "Jaynes saw the Gibbs algorithm as a completely general recipe for statistical inference in the face of insufficient information (MAXENT), with useful applications throug
experience in econometrics, the present paper remains significantly remiss with regard to the second criticism above. But, then again, to rephrase Ernest Rutherford; if you need to use statistics to prove your theory, you ought to have thought of a better theory. In the event of some party choosing to award me
a particular way. He analyzed the world as continuous variables, as he explains in chapter 1 along with a nod to thermodynamics through an overlay of Gibbs statistics. He also shoehorns in a weak and unconvincing model of information as message-passing between and among both physical and biological entit
ere!” The claim represents a foolhardy bet against human ingenuity. We have made such bets before and lost. On September 11, 1933, renowned physicist Ernest Rutherford stated, with utter confidence, “Anyone who expects a source of power from the transformation of these atoms is talking moonshine.” On September 12, 1
a particular way. He analyzed the world as continuous variables, as he explains in chapter 1 along with a nod to thermodynamics through an overlay of Gibbs statistics. He also shoehorns in a weak and unconvincing model of information as message-passing between and among both physical and biological entit
ere!” The claim represents a foolhardy bet against human ingenuity. We have made such bets before and lost. On September 11, 1933, renowned physicist Ernest Rutherford stated, with utter confidence, “Anyone who expects a source of power from the transformation of these atoms is talking moonshine.” On September 12, 1
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