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Utility and entropy

Author

Listed:
  • Juan R. De Miguel

    (Universidad Pública de Navarra, Departamento de Mátematica e Informática, Campus Arrosadia, 31006, SPAIN)

  • Ghanshyam B. Mehta

    (Department of Economics, University of Queensland, Brisbane, Queensland 4072, AUSTRALIA)

  • Esteban Induráin

    (Universidad Pública de Navarra, Departamento de Mátematica e Informática, Campus Arrosadia, 31006, SPAIN)

  • Juan C. Candeal

    (Universidad de Zaragoza, Departamento de Análisis Económico, c/ Doctor Cerrada, 50005 Zaragoza, SPAIN)

Abstract

In this paper we study an astonishing similarity between the utility representation problem in economics and the entropy representation problem in thermodynamics.

Suggested Citation

  • Juan R. De Miguel & Ghanshyam B. Mehta & Esteban Induráin & Juan C. Candeal, 2001. "Utility and entropy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 17(1), pages 233-238.
    • Handle: RePEc:spr:joecth:v:17:y:2001:i:1:p:233-238
    Note: Received: May 17, 1999; revised version: October 16, 2000
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    Keywords

    Utility; Entropy.;

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