Add to ORKGIn this paper, the definition of information and data are presented with examples illustrating the differences between them. To articulate the value of information, the definition of quantities of information, based on information theory, generally considered to be founded by Claude Shannon, has been quoted. In addition, with corresponding mathematical derivations, specific examples are employed to manifest the factors that make information valuable. At last, we have a multifold discussion on the importance of information to economics.DOI:http://dx.doi.org/10.11591/ijece.v2i6.179
The primary purpose of this article is to provide additional quantitative examples to the recently p...
This paper explores the role of information in the theory of economic growth and development. They w...
International audienceIn 1948 Shannon and Wiener introduced a new measure of information in the fiel...
In this paper, the definition of information and data are presented with examples illustrating the d...
This English version of Ruslan L. Stratonovich’s Theory of Information (1975) builds on theory and p...
We present a discussion of the concept of information in Economics. We begin by presenting the preva...
conference for helpful comments. David Faulkner’s detailed revision of this paper greatly improves i...
Several approaches to assessing the value of information are reviewed and their usability is discuss...
The paper considers the concept of the information as one of properties of the objective reality whe...
Abstract. The aim of this article is to introduce the elements of the mathematics of information, pi...
It is easy to look at developments arising from digital technology such as social media, smart phone...
This book is intended as a contribution to the theory of markets with imperfect information. The sub...
We review the historic development of concept of information including the relationship of Shannon ...
This paper reviews some of the salient analytical contributions of micro information economics, or m...
The concept of information theory originated when an attempt was made to create a theoretical model ...
The primary purpose of this article is to provide additional quantitative examples to the recently p...
This paper explores the role of information in the theory of economic growth and development. They w...
International audienceIn 1948 Shannon and Wiener introduced a new measure of information in the fiel...
In this paper, the definition of information and data are presented with examples illustrating the d...
This English version of Ruslan L. Stratonovich’s Theory of Information (1975) builds on theory and p...
We present a discussion of the concept of information in Economics. We begin by presenting the preva...
conference for helpful comments. David Faulkner’s detailed revision of this paper greatly improves i...
Several approaches to assessing the value of information are reviewed and their usability is discuss...
The paper considers the concept of the information as one of properties of the objective reality whe...
Abstract. The aim of this article is to introduce the elements of the mathematics of information, pi...
It is easy to look at developments arising from digital technology such as social media, smart phone...
This book is intended as a contribution to the theory of markets with imperfect information. The sub...
We review the historic development of concept of information including the relationship of Shannon ...
This paper reviews some of the salient analytical contributions of micro information economics, or m...
The concept of information theory originated when an attempt was made to create a theoretical model ...
The primary purpose of this article is to provide additional quantitative examples to the recently p...
This paper explores the role of information in the theory of economic growth and development. They w...
International audienceIn 1948 Shannon and Wiener introduced a new measure of information in the fiel...