Epstein Secrets

ity that a randomly selected gas particle will have a certain energy is constant over time (in this case, the probability distribution is Boltzmann- Gibbs). In this simple kind of statistical equilibrium the equilibrium configuration is not a 'point' or subset of state-space but a probability distribut

) show that the results of an economics experiment are broadly similar when classroom students are replaced with 'zero-intelligence; random agents; Farmer et al. (2005) show that the assumption of 'zero-intelligence' agents can explain many of the statistical features of double- auction trading data from the

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

nce and economics covered in these papers, this area has also recently been extensively researched by others from the field of econophysics such as Farmer et al, Wyart et al and Bouchaud et al [Farmer et al 2005, Wyart et al 2008, Bouchaud et al 2009]. The convergence of the work of economists and physicist

as “missing information related to the number of alternatives which remain possible to a physical system” (Boltzmann, 1909), “index of probability” (Gibbs, 1902) or the “amount of uncertainty associated with a finite scheme” (Khinchin,1957) are obviously sensitive to the partition rules and its fineness

tral entropy,” which is equivalent to the normalized variance of the distribution of frequencies in a power spectral transformation of a time series (Farmer et al, 1980). This has been successfully applied to brain enzyme and receptor fluctuations 246 HOUSE_OVERSIGHT_013746 (Russo and Mandell, 1984a; Mandel