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The primordial confrontation underlying the existence of our universe can be conceived as the battle between entropy and complexity. The law of ever-increasing entropy (Boltzmann H-theorem) evokes an irreversible, one-directional evolution…

Physics and Society · Physics 2015-06-18 Sorin Solomon , Natasa Golo

The second law of thermodynamics states that entropy production in macroscopic systems is non-negative, reaching zero only at thermodynamic equilibrium. As a corollary, this implies that the state trajectory of macroscopic systems is…

Statistical Mechanics · Physics 2025-01-30 O. Politano , Alejandro L. Garcia , F. Baras , M. Malek Mansour

Generic far-away-from-equilibrium many-body dynamics involve entropy production, and hence are thermodynamically irreversible. Near quantum critical points, an emergent conformal symmetry can impose strong constraints on entropy production…

Quantum Gases · Physics 2023-02-02 Jeff Maki , Fei Zhou

The physical impossibility of heat transfer under isothermal conditions implies that the classical expression for the entropy of the ideal gas may not be compatible with the internal energy of the gas itself. A corrected expression of the…

Statistical Mechanics · Physics 2023-09-01 A. Paglietti

Biological and engineered systems operate by coupling function to the transfer of heat and/or particles down a thermal or chemical gradient. In idealized \textit{deterministically} driven systems, thermodynamic control can be exerted…

Statistical Mechanics · Physics 2016-01-06 Benjamin B. Machta

We consider the thermodynamic approach to the description of economic systems and processes. The first and second laws of thermodynamics as applied to economic systems are derived and analyzed. It is shown that there is a deep analogy…

General Finance · Quantitative Finance 2021-02-03 Sergey Rashkovskiy

In the paper, "Time & clocks: A thermodynamic approach" Lucia and Grisolia describe the connections between the physical nature of time and macroscopic irreversibility in thermodynamics. They also discuss the possibility of constructing a…

Statistical Mechanics · Physics 2020-07-21 Atanu Chatterjee , Germano Iannacchione

We introduce a pathwise approach to analyze the relative performance of an equity portfolio with respect to a benchmark market portfolio. In this energy-entropy framework, the relative performance is decomposed into three components: a…

Portfolio Management · Quantitative Finance 2016-01-05 Soumik Pal , Ting-Kam Leonard Wong

Information dynamics is an emerging description of information processing in complex systems which describes systems in terms of intrinsic computation, identifying computational primitives of information storage and transfer. In this paper…

Statistical Mechanics · Physics 2018-10-03 Richard E. Spinney , Joseph T. Lizier , Mikhail Prokopenko

Reciprocal relations correlate fairly accurately a great variety of experimental results. Nevertheless, the concepts of statistical fluctuations, and microscopic reversibility - the bases of the accepted proof of the relations by Onsager -…

Chemical Physics · Physics 2007-05-23 Elias P. Gyftopoulos

Heat, work and entropy production: the statistical distribution of such quantities are constrained by the fluctuation theorems (FT), which reveal crucial properties about the nature of non-equilibrium dynamics. In this paper we report…

Quantum Physics · Physics 2021-10-15 K. Khan , J. Sales Araújo , W. F. Magalhães , G. H. Aguilar , B. de Lima Bernardo

The more precise definition and the more fundamental understanding of the concepts of time, energy, entropy and information are building upon the new, relativistic foundation of gravity. This lecture is an attempt to explain the basic…

General Relativity and Quantum Cosmology · Physics 2023-11-17 Tomi Koivisto

We address entropic uncertainty relations between time and energy or, more precisely, between measurements of an observable $G$ and the displacement $r$ of the $G$-generated evolution $e^{-ir G}$. We derive lower bounds on the entropic…

Quantum Physics · Physics 2021-06-29 Christian Bertoni , Yuxiang Yang , Joseph M. Renes

This paper concludes a three-Part series on the limits the laws of physics place on the sustained performance of reversible computers. Part I concerned aggregate performance in terms of computational operations per unit time, but neglected…

Statistical Mechanics · Physics 2021-12-02 Hannah Earley

Building on the fundamental equation, this study revisits key thermodynamic concepts in a cohesive and innovative manner. It demonstrates the consistency of thermodynamic theory while addressing and clarifying common misconceptions and…

Statistical Mechanics · Physics 2025-07-04 Joaquim Anacleto

The explanation of the apparent universality of thermodynamics points toward the extension of the usual conceptual background of the second law. Arguments are collected that a basic guiding idea of stability of thermodynamic equilibrium…

Classical Physics · Physics 2014-07-23 P. Ván

Statistical mechanics is based on interplay between energy minimization and entropy maximization. Here we formalize this interplay via axioms of cooperative game theory (Nash bargaining) and apply it out of equilibrium. These axioms capture…

Statistical Mechanics · Physics 2020-10-14 S. G. Babajanyan , K. H. Cheong , A. E. Allahverdyan

Quantifying irreversibility of a system using finite information constitutes a major challenge in stochastic thermodynamics. We introduce an observable that measures the time-reversal asymmetry between two states after a given time lag. Our…

Statistical Mechanics · Physics 2023-12-18 Shiling Liang , Simone Pigolotti

We present a new outlook on the climate system thermodynamics, studying some of its macroscopic properties in terms of the 1st and 2nd laws of thermodynamics. We review and clarify the notion of efficiency of the climate system by…

Atmospheric and Oceanic Physics · Physics 2011-10-11 Valerio Lucarini

To describe the nonequilibrium states of a system we introduce a new thermodynamic parameter - the lifetime of a system. The statistical distributions which can be obtained out of the mesoscopic description characterizing the behaviour of a…

Statistical Mechanics · Physics 2007-05-23 V. V. Ryazanov , S. G. Shpyrko