DocumentCode
1082314
Title
The Widget Problem Revisited
Author
Tribus, Myron ; Fitts, Gary
Author_Institution
Thayer School of Engineering, Dartmouth College, Hanover, N.H. 03755
Volume
4
Issue
3
fYear
1968
Firstpage
241
Lastpage
248
Abstract
The Jaynes "widget problem" is reviewed as an example of an application of the principle of maximum entropy in the making of decisions. The exact solution yields an unusual probability distribution. The problem illustrates why some kinds of decisions can be made intuitively and accurately, but would be difficult to rationalize without the principle of maximum entropy.
Keywords
Convergence; Decision theory; Entropy; Financial management; Information theory; Knowledge management; Paints; Probability distribution; Seminars; Tellurium;
fLanguage
English
Journal_Title
Systems Science and Cybernetics, IEEE Transactions on
Publisher
ieee
ISSN
0536-1567
Type
jour
DOI
10.1109/TSSC.1968.300118
Filename
4082153
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