The entropy concept was developed and used by Shannon in 1940 as a
measure of uncertainty in the context of information theory. In
1957 Jaynes made use of Shannon's entropy concept as a basis for
estimation and inference in problems that are ill-suited for
traditional statistical procedures. This volume consists of two
sections. The first section contains papers developing econometric
methods based on the entropy principle. An interesting array of
applications is presented in the second section of the volume.
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