Economics, Econometrics and Finance
a year ago

New extropy measures reveal hidden connections in bivariate distributions.

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Paper Summary

The article introduces new extropy measures based on different types of copulas and explores their properties. The researchers examine how monotone transformations affect these measures and establish connections between them and well-known dependence measures like Spearman's rho and Kendall's tau. They also propose estimators for these extropy measures and demonstrate their application using real-life datasets.