Economics and Information Theory

By W. Silver. 1967

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Citations in the corpus

Task Agnostic Meta-Learning for Few-Shot Learning (2018, neutral): “Theil Index [3].”
Productivity and Misallocation in General Equilibrium* (2017, methodology): “20Since the landmark work of Theil (1967), changes in entropy have been used as a measure of changing income inequality.”
Inequality: Methods and Tools (1999, methodology): “The GE measures with parameters 0 and 1 become, with l'Hopital's rule, two of Theil's measures of inequality (Theil, 1967), the mean log deviation and the Theil index respectively, as follows: ∑ = = n i i y y n GE 1 log 1 ) 0 ( GE n y y y y i i i n ( ) log 1 1 1 = = ∑ With α=2 the GE measure…”
Properties of knowledge base and firm survival: Evidence from a sample of French manufacturing firms ☆ (2013, methodology): “Such index was introduced to economic analysis by Theil (1967).”
Friends, Family, or Fools: Entrepreneur Experience and its Implications for Equity Distribution and Resource Mobilization (2012, methodology): “We draw on the wealth and resource distribution literature in economic theory and justice theories in sociology (Theil, 1967; Sen, 1972).”
The Solution of Updating or Regionalizing a Matrix with both Positive and Negative Entries (2003, background): “This specification generalizes Theil’s target function of a minimum information loss problem (Theil, 1967).”
Spectator Demand, Uncertainty of Results, and Public Interest (2018, methodology): “A Theil index is calculated to allow for a truer reflection of probability after mitigating the bookmaker’s margin (Theil, 1967): The home, away, and draw probabilities are scaled by the sum of the probabilities, as used in Peel and Thomas (1992) and Forrest and Simmons (2002).”
The Young Person's Guide to the Theil Index: Suggesting Intuitive Interpretations and Exploring Analytical Applications (2000, unknown): “…index (or, more generally, the entropy based measures of inequality) and the Gini coefficient can be understood if we write the Gini – as suggested by Theil (1967) – in the following form: j j i i j m i m j i n w n w nnG −=′ ∑∑ = =1 12 1 This expression shows that the Gini across groups is the…”
R&D portfolios in environmentally friendly automotive propulsion: Variety, competition and policy implications (2004, background): “Other applications of the entropy measure include the application to market shares to indicate market concentration [29].”
Stochastic Index Numbers: A Review (2006, background): “7) is the Divisia price index number, also known as the Tornqvist (1936)-Theil (1967) index, which has a number of desirable properties.”
Stadium attendance in German professional football – the (un)importance of uncertainty of outcome reconsidered (2012, methodology): “…cCS g ; if cCS g m 3t 0; otherwise ; ( UCL ¼ 100 cCL g ; if cCL g m 3t 0; otherwise ð2Þ To consider the impact of short-term uncertainty of outcome the Theil (1967) measure is implemented (in model 1) where pi reports the home team’s winning probability, the away team’s winning probability as…”
Alternative Input-Output Matrix Updating Formulations (2004, methodology): “equivalent to minimizing information gain (see Theil 1967 ) expressed in terms of the”
Knowing when to leap: Transitioning between exploitative and explorative R&D (2014, methodology): “’ Second, the dispersion of this firm-level knowledge creation across technological subclasses is measured using an entropy index (Theil, 1967), as follows:”