The value of information for populations in varying environments
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Publication:540576
DOI10.1007/S10955-011-0166-2zbMATH Open1216.92052arXiv1010.5092OpenAlexW3105906550MaRDI QIDQ540576FDOQ540576
Authors: Olivier Rivoire, Stanislas Leibler 
Publication date: 3 June 2011
Published in: Journal of Statistical Physics (Search for Journal in Brave)
Abstract: The notion of information pervades informal descriptions of biological systems, but formal treatments face the problem of defining a quantitative measure of information rooted in a concept of fitness, which is itself an elusive notion. Here, we present a model of population dynamics where this problem is amenable to a mathematical analysis. In the limit where any information about future environmental variations is common to the members of the population, our model is equivalent to known models of financial investment. In this case, the population can be interpreted as a portfolio of financial assets and previous analyses have shown that a key quantity of Shannon's communication theory, the mutual information, sets a fundamental limit on the value of information. We show that this bound can be violated when accounting for features that are irrelevant in finance but inherent to biological systems, such as the stochasticity present at the individual level. This leads us to generalize the measures of uncertainty and information usually encountered in information theory.
Full work available at URL: https://arxiv.org/abs/1010.5092
Recommendations
Portfolio theory (91G10) Population dynamics (general) (92D25) Coding theorems (Shannon theory) (94A24)
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