On the relation between plausibility logic and the maximum-entropy principle: a numerical study

PierGianLuca Porta Mana
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PierGianLuca Porta Mana: Norwegian University of Science and Technology

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Abstract: What is the relationship between plausibility logic and the principle of maximum entropy? When does the principle give unreasonable or wrong results? When is it appropriate to use the rule 'expectation = average'? Can plausibility logic give the same answers as the principle, and better answers if those of the principle are unreasonable? To try to answer these questions, this study offers a numerical collection of plausibility distributions given by the maximum-entropy principle and by plausibility logic for a set of fifteen simple problems: throwing dice.

Date: 2009-11-09
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:fejvm

DOI: 10.31219/osf.io/fejvm

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