Jarzynski-type equalities in gambling: role of information in capital growth

DOI10.1007/s10955-015-1348-0zbMath1329.82071arXiv1505.06216OpenAlexW3100125828MaRDI QIDQ895500

Yuji Hirono, Yoshimasa Hidaka

Publication date: 3 December 2015

Published in: Journal of Statistical Physics (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1505.06216

zbMATH Keywords

informationgamblingdirected informationJarzynski equalitynonequilibrium

Mathematics Subject Classification ID

Economic growth models (91B62) Stopping times; optimal stopping problems; gambling theory (60G40) Dynamic lattice systems (kinetic Ising, etc.) and systems on graphs in time-dependent statistical mechanics (82C20) Probabilistic games; gambling (91A60)

Related Items (4)

Adaptive strategies in Kelly’s horse races model ⋮ Informations in models of evolutionary dynamics ⋮ Analogy between gambling and measurement-based work extraction ⋮ Information thermodynamics of financial markets: the Glosten–Milgrom model

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