Ülo Ennuste Economics

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Letter 27.V 16

Sophisticated Probabilistic Information Transfer Toolkit

Book by

Olga Zeydina and Bernard Beauzamy: Probabilistic Information Transfer. ISBN: 978-2-9521458-6-2, ISSN : 1767-1175. Size 15,3 x 24 cm. Hardcover, 208 pages.

In real life situations, one rarely has desirably detailed information.

It is sometimes incomplete and fragmental, sometimes corrupted and distorted, or with missing or erroneous data, sometimes fuzzy  etc.

Conversely, some pieces of information do exist. Therefore, there is a natural wish: to try to use the existing information in order to reconstruct some missing items.

However, this should be done with two constraints:

First, one should not add any artificial information or fuzzy logic, such as model assumptions (for instance, that some growth is linear, or that some law is Gaussian) without rigorous proof  and not calculating connected risks;

Second, the result should be of probabilistic nature: we do not want a precise value for the reconstruction, but a probability law, which allows estimation of the uncertainties and risks explicitly

The book gives one possibly credible way to deal these kind of topics like that.

P.S.: http://www.scmsa.eu/archives/BB_Archimedes_Weighing_2013_07.pdf

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May 27, 2016 - Posted by | Uncategorized

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