A short account of a connection of power laws to the information entropy

We use the formalism of “maximum principle of Shannon's entropy” to derive the general power law distribution function, using what seems to be a reasonable physical assumption, namely, the demand of a constant mean “internal order” (Boltzmann entropy) of a complex, self-interacting, self-organized system.

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Year of publication:	2004
Authors:	Dover, Yaniv
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 334.2004, 3, p. 591-599
Publisher:	Elsevier
Subject:	Power laws \| Information theory \| Statistical physics \| Dynamical systems \| Self-organizing systems

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011060162