The Maximum Entropy Principle (MEP) maximizes the entropy provided that the effort remains constant. The Principle of Least Effort (PLE) minimizes the effort provided that the entropy remains constant. The paper investigates the relation between these two principles. In some kinds of effort...

This paper is concerned with the use of power properties of tests in econometric applications. Power radius and inverse power functions are defined. These functions are designed to yield summary measures of power that facilitate the interpretation of test results in practice. Simple...