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The core of data science is our fundamental understanding about data intelligence processes for transforming data to decisions. One aspect of this understanding is how to analyze the cost-benefit of data intelligence workflows. This work is…

Other Computer Science · Computer Science 2018-12-04 Min Chen

Information theory can be used to analyze the cost-benefit of visualization processes. However, the current measure of benefit contains an unbounded term that is neither easy to estimate nor intuitive to interpret. In this work, we propose…

Information Theory · Computer Science 2022-04-05 Min Chen , Mateu Sbert

In this paper, we present an abstract model of visualization and inference processes and describe an information-theoretic measure for optimizing such processes. In order to obtain such an abstraction, we first examined six classes of…

Human-Computer Interaction · Computer Science 2016-11-23 Min Chen , Amos Golan

Information theory can be used to analyze the cost-benefit of visualization processes. However, the current measure of benefit contains an unbounded term that is neither easy to estimate nor intuitive to interpret. In this work, we propose…

Artificial Intelligence · Computer Science 2022-04-21 Min Chen , Mateu Sbert , Alfie Abdul-Rahman , Deborah Silver

Recent advances in artificial intelligence (AI) have underscored the need for explainable AI (XAI) to support human understanding of AI systems. Consideration of human factors that impact explanation efficacy, such as mental workload and…

Artificial Intelligence · Computer Science 2023-10-13 Lindsay Sanneman , Mycal Tucker , Julie Shah

While information theory has been introduced to characterize the fundamental limitations of control and filtering for a few decades, the existing information-theoretic methods are indirect and cumbersome for analyzing the limitations of…

Information Theory · Computer Science 2026-02-03 Neng Wan , Dapeng Li , Naira Hovakimyan

In this chapter, we present our recent invention, i.e., the notion of the value of information$\unicode{x2014}$a semantic metric that is fundamental for networked control systems tasks. We begin our analysis by formulating a causal tradeoff…

Information Theory · Computer Science 2024-03-20 Touraj Soleymani , John S. Baras , Sandra Hirche , Karl H. Johansson

We introduce a new cost function over experiments, f-information, based on the theory of multivariate statistical divergences, that generalizes Sims's classic model of rational inattention as well as the class of posterior-separable cost…

Theoretical Economics · Economics 2025-10-07 Alex Bloedel , Tommaso Denti , Luciano Pomatto

We present an information-theoretic cost function for co-clustering, i.e., for simultaneous clustering of two sets based on similarities between their elements. By constructing a simple random walk on the corresponding bipartite graph, our…

Machine Learning · Computer Science 2018-06-18 Clemens Bloechl , Rana Ali Amjad , Bernhard C. Geiger

A practical notation can convey valuable intuitions and concisely express new ideas. Information theory is of importance to machine learning, but the notation for information-theoretic quantities is sometimes opaque. We propose a practical…

Machine Learning · Computer Science 2021-12-03 Andreas Kirsch , Yarin Gal

This paper uses an axiomatic foundation to create a new measure for the cost of learning that allows for multiple perceptual distances in a single choice environment so that some events can be harder to differentiate between than others.…

Theoretical Economics · Economics 2019-12-30 David Walker-Jones

In the course of any statistical analysis, it is necessary to consider issues of data quality and model appropriateness. Value of information methods were initially put forward in the middle of the twentieth century in order to provide a…

Methodology · Statistics 2021-12-02 Jacob Parsons , Le Bao

This paper consists of two parts. In the first part, we develop a new information theory, in which it is not a coincidence that information and physical entropy share the same mathematical formula. It is an adaptation of mind to help search…

Information Theory · Computer Science 2007-07-13 Jing Chen

Information theory is a practical and theoretical framework developed for the study of communication over noisy channels. Its probabilistic basis and capacity to relate statistical structure to function make it ideally suited for studying…

Neurons and Cognition · Quantitative Biology 2015-01-09 Robin A. A. Ince , Simon R. Schultz , Stefano Panzeri

Information-theoretic (IT) measures are ubiquitous in artificial intelligence: entropy drives decision-tree splits and uncertainty quantification, cross-entropy is the default classification loss, mutual information underpins representation…

Artificial Intelligence · Computer Science 2026-04-28 Nikolaos Al. Papadopoulos , Konstantinos E. Psannis

Real-time sentence comprehension imposes a significant load on working memory, as comprehenders must maintain contextual information to anticipate future input. While measures of such load have played an important role in psycholinguistic…

Computation and Language · Computer Science 2026-05-19 Kohei Kajikawa , Shinnosuke Isono , Ethan Gotlieb Wilcox

A general information equilibrium model in the case of ideal information transfer is defined and then used to derive the relationship between supply (information destination) and demand (information source) with the price as the detector of…

Economics · Quantitative Finance 2015-10-09 Jason Smith

We study the monotonicity of information costs: more informative experiments must be more costly. As criteria for informativeness, we consider the standard information orders introduced by Blackwell (1951, 1953) and Lehmann (1988). We…

Theoretical Economics · Economics 2026-03-09 Xiaoyu Cheng , Yonggyun Kim

We propose a statistical framework to quantify location and co-location associations of economic activities using information-theoretic measures. We relate the resulting measures to existing measures of revealed comparative advantage,…

Applications · Statistics 2020-04-23 Alje van Dam , Andres Gomez-Lievano , Frank Neffke , Koen Frenken

Most cost-benefit analyses assume that the estimates of costs and benefits are more or less accurate and unbiased. But what if, in reality, estimates are highly inaccurate and biased? Then the assumption that cost-benefit analysis is a…

General Finance · Quantitative Finance 2021-12-07 Bent Flyvbjerg , Dirk W. Bester
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