Back to the Future: Economic Self-Organisation and Maximum Entropy Prediction

Barde, Sylvain (2014) Back to the Future: Economic Self-Organisation and Maximum Entropy Prediction. Computational Economics, 45 (2). pp. 337-358. ISSN 0927-7099. E-ISSN 1572-9974. (doi:10.1007/s10614-014-9422-2) (KAR id:41872)

PDF Author's Accepted Manuscript
Language: English
 Preview
Official URL
http://dx.doi.org/10.1007/s10614-014-9422-2

Abstract

This paper shows that signal restoration methodology is appropriate for

for this is provided by proving the existence of finite improvement paths in object allocation

to a Nash equilibrium. Because a finite improvement path is made up of a sequence

initial condition can be treated like the realisation of a noise process. This underpins

illustration is provided through an application of maximum entropy signal restoration

to the Schelling model of segregation.

Item Type: Article 10.1007/s10614-014-9422-2 Information entropy; Self-organisation; Potential function; Schelling segregation H Social Sciences > HB Economic TheoryQ Science > Operations Research - Theory Faculties > Social Sciences > School of Economics Sylvain Barde 16 Jul 2014 16:21 UTC 29 May 2019 12:48 UTC https://kar.kent.ac.uk/id/eprint/41872 (The current URI for this page, for reference purposes) https://orcid.org/0000-0003-1465-8236