Empirical estimates of source statistical economic data such as trade flows, greenhouse gas emissions, or employment figures are always subject to uncertainty (stemming from measurement errors or ...

The dynamics of open channel flows have been the subject of extensive research, particularly in understanding how entropy applies to the velocity distribution within these systems. Entropy, a measure ...

This is a preview. Log in through your library . Abstract This paper deals with maximum entropy distributions for uncertain parameters that lie between two finite values. Such parameter uncertainties ...

I recently led a webinar on the laws of thermodynamics, which got me thinking: A business is very much a closed system, such as a universe. Therefore, if entropy is always increasing in a closed ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...