Utility function is one of the most useful tools in mathematical nance, deci-sion analysis and economics. The concept of expected utility is used in economics to describe the behavior of a decision-maker choosing between ...

Some extensions of Shannon entropy to the survival function have been recently proposed. Misagh et al. (2011) introduced weighted cumulative residual entropy (WCRE) that was studied more by

Mirali et al. (2015). In this paper, dynamic...

In this paper, the conditional Tsallis entropy is defined on the basis of the

conditional Renyi entropy. Regarding the fact that Renyi entropy is the

monotonically increasing function of Tsallis entropy, a ...

The aim of this paper is obtaining the amount of information there exists in the Pareto distribution in the presence of outliers. For the sake of this purpose, Shannon entropy, "-entropy, Fisher information and Kullback-Leibler distance are computed...

curves compatible with the optional side conditions is

generated. Meanwhile, we show that our results reduce to Shannon entropy

as β tends to one. Finally, by using actual data, we compare the maximum

Tsallis entropy Lorenz curve...

Shannon entropy is the creation of Shannon (1948) based on the experiences in Bell System Company

during and after the Second World War. Then, Renyi (1961) generalized it for one parameter families of

entropies. This entropy...