English, Article edition: The nature of randomness: Part 1 – Knowable or unknowable? Michael R. Powers

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/28276
Physical Description
  • article
Language
  • English

Edition details

Title
  • The nature of randomness: Part 1 – Knowable or unknowable?
Author
  • Michael R. Powers
Physical Description
  • article
Notes
  • Purpose – In this two-part series, this paper seeks to consider certain intriguing aspects of randomness, the basic mathematical concept used to model financial risk and other unknown quantities in the physical world. Design/​methodology/​approach – Part 1 applies concepts from quantum physics and algorithmic information theory to distinguish between knowable complexity and unknowable complexity. Findings – In Part 1, it is found that Heisenberg's uncertainty principle can be used to provide concrete examples of random variables, and that the Kolmogorov/​Chaitin notion of algorithmic complexity can be used to define the formal concept of randomness. Originality/​value – The two-part series explores the underlying nature of randomness in terms of both its physical/​mathematical properties and its role in human cognition.
  • Complexity theory, Random processes, Risk management, Uncertainty management
  • RePEc:eme:jrfpps:v:9:y:2008:i:1:p:5-8
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment