The Widget Problem Revisited

The Widget Problem Revisited

The Jaynes "widget problem" is reviewed as an example of an application of the principle of maximum entropy in the making of decisions. The exact solution yields an unusual probability distribution. The problem illustrates why some kinds of decisions can be made intuitively and accurately,...

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Veröffentlicht in:IEEE transactions on systems science and cybernetics 1968-01, Vol.4 (3), p.241-248
Hauptverfasser: Tribus, Myron, Fitts, Gary
Format: Artikel
Sprache:eng
Schlagworte:
Convergence
Decision theory
Entropy
Financial management
Information theory
Knowledge management
Paints
Probability distribution
Seminars
Tellurium
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Beschreibung
Zusammenfassung:The Jaynes "widget problem" is reviewed as an example of an application of the principle of maximum entropy in the making of decisions. The exact solution yields an unusual probability distribution. The problem illustrates why some kinds of decisions can be made intuitively and accurately, but would be difficult to rationalize without the principle of maximum entropy.
ISSN:0536-1567
2168-2887
DOI:10.1109/TSSC.1968.300118