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cs.IT2026★ 1 cited
Pragmatic Information Rates, Generalizations of the Kelly Criterion, and Financial Market Efficiency
Edward D. Weinberger
This paper is part of an ongoing investigation of "pragmatic information", defined in Weinberger (2002) as "the amount of information actually used in making a decision". Because a…
cs.IT2025
Towards a Theory of Pragmatic Information
Edward D. Weinberger
Standard information theory says nothing about how much meaning is conveyed by a message. We fill this gap with a rigorously justifiable, quantitative definition of ``pragmatic inf…