Economics as Energy Framework: Complexity, Turbulence, Financial Crises, and Protectionism
What Is Entropy? A Measure of Just How Little We Really Know. | Quanta Magazine
Zack Savitskyquantamagazine.orgOne of the major lessons we learn from the unique complexity of life is the following: the only thing we can always expect when manipulating the living world is that there will be unexpected consequences. By definition, those consequences are rarely aligned with the initial goal of our intervention. Climate change, biodiversity loss, and our... See more
Understanding Living Systems
Entropy and Market Efficiency
The concept of entropy in thermodynamics can be applied to financial markets to understand market efficiency.
High entropy states in markets signify high unpredictability and randomness, akin to inefficient markets.
Conversely, low entropy states indicate more predictable and orderly market behaviors, representing... See more
The concept of entropy in thermodynamics can be applied to financial markets to understand market efficiency.
High entropy states in markets signify high unpredictability and randomness, akin to inefficient markets.
Conversely, low entropy states indicate more predictable and orderly market behaviors, representing... See more