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If an event X has n possible outcomes each with probabilities p1, p2,...., pn, then the entropy of X is defined as H(X) = -p1log2(p1)
If an event X has n possible outcomes each with probabilities p1, p2,...., pn, then the entropy of X is defined as H(X) = -p1log2(p1) -p2log2(p2) ..... -pnlog2(pn) . If n = 8, what is the maximum possible value for H(X)? When does it happen
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
