Economics, Econometrics and Finance
a year ago

New extropy measures reveal hidden dependencies in real-life datasets.

arXiv (Cornell University)
Copula-based extropy measures, properties and dependence in bivariate distributions
Shital Saha, Suchandan Kayal

Paper Summary

The article introduces new extropy measures based on copulas and explores their properties. The researchers connect these measures to well-known dependence measures like Spearman's rho and Kendall's tau. They also propose ways to estimate these extropy measures using real-life data.

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