Information theory

Definition:

A mathematical theory first studied by Claude E. Shannon that presents a framework that measures among many things the amount of theoretical coding necessary to communicate information effectively.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

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The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. See: Incoterms.

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