Methodologies related with information theory have been increasingly used in studies in economics and management. In this paper we use Generalized Maximum Entropy as an alternative to the Ordinary Least Squares in the estimation of utility functions. We estimated linear, logarithmic and power...

How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science - population and variable. Starting with the simplest case...

We study the life distribution of an operating device through the notion of mean residual life. The device is experiencing a random number of shocks governed by a homogeneous Poisson process, and a new U-statistic test procedure is introduced to test the hypothesis of that the life is...