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Modelling Behavioral Economics with Entropic Brain

Behavioural Economics, Shannon’s Entropy

Behavioural Economics, Shannon’s Entropy

Decimal Point Analytics has published its weekly digest on 10 September titled “Modelling Behavioral Economics with Entropic Brain”

In this edition, the author attempts for the first time to create a path towards a unifying structure for behavioral economics using Shannon’s Entropy as a modelling technique.

He posits that the human memory is entropy cost efficient which results in a bias in human memory and behavior. He elucidates his point with a toy example of human bias.

Read the entire article here

Decimal Point Analytics is a financial research and analytics company incorporated in 2003 with headquarters at Mumbai. It is an independent, management owned company, which provides actionable analytics to financial services companies. It offers customized solutions to investment management businesses that address specific challenges. It enables these customers to supplement their operations with additional resources and augment research processes using Artificial Intelligence (AI) technologies like Machine Learning (ML), Natural Language Processing (NLP) and Big Data.

Decimal Point Analytics has presence across four global locations including the United States, UK and India.

5A, B-Wing, Trade Star Building, J. B. Nagar,
Andheri-Kurla Road, Andheri (East),
Mumbai- 400 059, Maharashtra, India.

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