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Bayesian inferences in high energy physics often use uniform prior distributions for parameters
about which little or no information is available before data are collected. The resulting posterior
d...
From Physics to Economics: An Econometric Example Using Maximum Relative Entropy
econophyisics econometrics entropy maxent bayesPACS
2009/1/4
Econophysics, is based on the premise that some ideas and methods from physics
can be applied to economic situations. We intend to show in this paper how a
physics concept such as entropy can be app...