Measurement and Application of Entropy Production Rate in Human Subject Social Interaction Systems

Details Measurement and Application of Entropy Production Rate in Human Subject Social Interaction Systems Measurement and Application of Entropy Production Rate in Human Subject Social Interaction Systems

2011-07-29

arxiv.org/abs/1107.6043v1

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4 pages, 4 figures, Keyword: entropy production rate, experimental economics, experimental social dynamics, Edgeworth price cy

Scientific paper

This paper illustrates the measurement and the applications of the observable, entropy production rate (EPR), in human subject social interaction systems. To this end, we show (1) how to test the minimax randomization model with experimental economics' 2$\times$2 games data and with the Wimbledon Tennis data; (2) how to identify the Edgeworth price cycle in experimental market data; and (3) the relationship within EPR and motion in data. As a result, in human subject social interaction systems, EPR can be measured practically and can be employed to test models and to search for facts efficiently.

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