Applying maximum entropy to econometric problems [electronic resource] / edited by R. Carter Hill. Hill, R. Carter. Fomby, Thomas B. Econometrics. HB139 .A67 1997 330.015195 22 330.43 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. Bingley, U.K. : Emerald, 1997. 1997. 1997 Text 1 online resource (xii, 358 p.). http://www.emeraldinsight.com/0731-9053/12 eng Advances in econometrics, 0731-9053 ; v. 12 Advances in econometrics ; v. 12.