This work is a generalization of the López-Ruiz, Mancini and Calbet (LMC); and Shiner, 1 Davison and Landsberg (SDL) complexity measures, considering that the state of a system or process 2 is represented by a dynamical variable during a certain time interval. As the two complexity 3 measures are based on the calculation of informational entropy, an equivalent information source 4 is defined an...

The aim of this research was to determine the impact of voluntary information disclosure on informational content of share price. In this regard, future earnings response coefficient was used to determine the informational content of the share price about the future income information. Furthermore, share price synchronicity was used to evaluate the informational content of the share price about...

An alternate evolutionary hypothesis is discussed: non-equilibrium thermodynamics. It is argued that evolution is an axiomatic consequence of organismic information obeying the second law of thermodynamics and is only secondarily connected to natural selection. As entropy increases, the information within a biological system becomes more complex or variable. This informational complexity is sha...