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Persistent link: https://www.econbiz.de/10011580771
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
The article starts with the familiar notion that evolution can be thought of as handling uncertainty with regard to variety in population structures. The resolution of uncertainty communicates information through negative entropy, which increases fitness. This setup can be generalized....
Persistent link: https://www.econbiz.de/10013020891
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