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04 June 2009

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When you find your tongue, what is the applicability of this in your mind?

Tsallis entropy permits us to estimate (and so to some extent forecast) the large-scale, long-term behavior of a system that is built up from a variety of spatially separated local-scale, short-term dynamics. In the limit where the these spatially discrete regions merge into one, you get the entropy we learned in college.

The linked paper has a lot of examples. It doesn't say much about the nature of the varieties of local dynamics that give rise to these statistics though. Somebody has probably already checked to see whether, for example, the dynamical clustering that results in scale invariance obeys q-statistics.

This is all very new. I need to digest, but in principle this could offer a connection between some microeconomic and macroeconomic variables.

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