A psychophysical theory of Shannon entropy.

  Vol. 34 (7) 2013 Neuro endocrinology letters Journal Article   2013; 34(7): 615-617 PubMed PMID:  24463997    Citation  Keywords:  Decision Making, Entropy, Humans, Models, Psychological, Psychophysics, Uncertainty,.   

: Connections between information theory and decision under uncertainty have been attracting attention in econophysics, neuroeconomics and quantum decision theory. This paper proposes a psychophysical theory of Shannon entropy based on a mathematical equivalence of delay and uncertainty in decision-making, and psychophysics of the perception of waiting time in probabilistic choices. Furthermore, it is shown that the well-known Shannon entropy is a special case of the general psychophysical entropy. Future directions in the application of the present theory to studies in econophysics and neuroeconomics are discussed.

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