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The article reformulates evolutionary fitness as information processes. This changes our understanding of evolutionary change, as it allows its formal expression as a communication process between the evolving system and its environment. Similar to how a communication process reveals a...
Persistent link: https://www.econbiz.de/10014141036
This article illustrates a formal link between economic growth and longstanding quantitative measures of information and knowledge. The link is found by relating two concepts from evolutionary theory, namely the Price equation and bet-hedging (stochastic switching). The first part of the article...
Persistent link: https://www.econbiz.de/10013058556