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julesh
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Is there any particular reason why entropy could not be a measure of or proxy for the level of competition within a system?
you are begging the question.julesh said:The state of maximum competition is the same as the state of maximum entropy.
This doesn't make a lot of sense to compare: competition has rules, entropy does not.julesh said:Summary:: Is there any particular reason why entropy could not be a measure of or proxy for the level of competition within a system?
Is there any particular reason why entropy could not be a measure of or proxy for the level of competition within a system?
Not sure I follow. How does maximum competition lead to maximum dispersal?julesh said:Begging the question or not, maximum competition and maximum entropy both result in the same situation of complete dispersal of energy (or money) throughout all agents in the systems.
julesh said:Boltzman's maths would predict the same result in both cases.
How does that jive with post 8?julesh said:...through competition between the agents money becomes evenly dispersed throughout the system. ..
Indeed. But in perfect competition, assume all agents are the same.DaveC426913 said:How does that jive with post 8?
If one agent has excellent skills compared to the others, the resources will not end up evenly dispersed.
That pretty much applies to all of economics.Vanadium 50 said:...concluding you are pushing your own personal theory.
If we have to add such an unrealistic and unilateral condition, then what value does the thesis provide?julesh said:Indeed. But in perfect competition, assume all agents are the same.
Entropy has a precise mathematical definition: it is ##K\ln\Omega##. There is no comparable definition for “level of competition”, and without that clarity about the terms being used it is difficult to have a useful discussion.julesh said:Is there any particular reason why entropy could not be a measure of or proxy for the level of competition within a system?
Entropy is a measure of the disorder or randomness in a system. In the context of competition, it can refer to the amount of diversity or variety among competing entities. As competition increases, the level of entropy in a system also tends to increase.
Scientists use various methods such as mathematical models, computer simulations, and empirical studies to explore the relationship between entropy and competition in systems. These methods allow them to observe and analyze how changes in competition affect the level of entropy in a system.
One example is the diversity of species in an ecosystem. As competition for resources increases, the number of species in the ecosystem may decrease due to some species outcompeting others. This can result in a decrease in entropy as there is less diversity in the system. Another example is the stock market, where competition among buyers and sellers can lead to fluctuations in stock prices and changes in the level of entropy in the market.
In systems with high levels of competition, there is often a tendency towards equilibrium, where the competing entities reach a state of balance. This can result in a decrease in entropy as the system becomes more organized. However, in some cases, competition can also lead to instability and chaos, increasing the level of entropy in a system.
Understanding this relationship can have applications in various fields such as ecology, economics, and social sciences. It can help us better understand and manage complex systems, predict the effects of competition on diversity and stability, and make informed decisions in areas such as resource allocation and market regulation.