International Journal of Electrical and Computer Engineering
Vol 2, No 6: December 2012

On Stochastic Analysis of the Quantities of Information in Economics

Angli Liu (Unknown)

Article Info

Publish Date
01 Dec 2012

Abstract

In 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.v2i6.1795

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Journal Info
International Journal of Electrical and Computer Engineering
Website

Abbrev

IJECE

Publisher

Institute of Advanced Engineering and Science

Subject

Computer Science & IT Electrical & Electronics Engineering

Description

International Journal of Electrical and Computer Engineering (IJECE, ISSN: 2088-8708, a SCOPUS indexed Journal, SNIP: 1.001; SJR: 0.296; CiteScore: 0.99; SJR & CiteScore Q2 on both of the Electrical & Electronics Engineering, and Computer Science) is the official publication of the Institute of ...