Binary Perspectives for Spread and Asymmetry
Roger Bowden ()
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Roger Bowden: Kiwicap Research Ltd.
Chapter Chapter 5 in The Information Theory of Comparisons, 2018, pp 95-110 from Springer
Abstract:
Abstract The agenda of this chapter is a nonparametric approach that seeks a conceptual condensation of the partition entropy function, with two agendas in mind. The first continues on from previous themes of finding minimally descriptive measures for location, asymmetry and spread. The second associated agenda seeks a more far reaching decomposition, such that the total entropic spread could be regarded as generated by just two polar outcomes: ‘good and bad’ or ‘rich versus poor’. Illustrations follow to income distribution and to financial portfolio performance. Actuarial survival uncertainty can also be viewed in such terms.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-13-1550-3_5
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DOI: 10.1007/978-981-13-1550-3_5
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