Entropy

What are the main keywords that have caught your attention so far?

Which type of entropy measure would you apply in the following situation? You want to measure industrial concentration by evaluating the distribution of market shares among companies within an industry.

• Shannon entropy

• Theil index

• Generalized Theil index

Which type of entropy measure would you apply in the following situation? You want to quantify the variability of companies based on their field of activity across different regions.

• Shannon entropy

• Theil index

• Generalized Theil index

Which type of entropy measure would you apply in the following situation? You're interested in measuring the inequality in the total income distribution among individuals within a municipality.

• Shannon entropy

• Theil index

• Generalized Theil index

Which type of entropy measure would you apply in the following situation? You aim to assess the difference in GDP per capita across various municipalities to understand economic disparities.

• Shannon entropy

• Theil index

• Generalized Theil index

Which type of entropy measure would you apply in the following situation? You wish to study the variability in income categories among individuals to understand income distribution.

• Shannon entropy

• Theil index

• Generalized Theil index

Which type of entropy measure would you apply in the following situation? Your goal is to analyse the distribution of population density across countries to gauge urbanisation levels.

• Shannon entropy

• Theil index

• Generalized Theil index