The Value of Information in the Interactive, Integrative and Evolutionary World Model: A Case History

Gabor Korvin

doi:10.1108/eb018846

The Value of Information in the Interactive, Integrative and Evolutionary World Model: A Case History

Gabor Korvin^*

^*Corresponding author for this work

King Fahd University of Petroleum & Minerals

Research output: Contribution to journal › Review article › peer-review

1 Scopus citations

Abstract

The paper attacks a fifty-years-old paradox, which has claimed that “information” (as the term is understood by Communication Engineers) cannot have any moral or economic value. We shall show by a Monte Carlo simulated oil-exploration study how this paradox disappears in the Islamic Interactive, Integrative and Evolutionary (IIE) world model. In the IIE exploration model, information is used to lead to more profit, and (part of) the profit is utilized to gain information.

Original language	English
Pages (from-to)	15-24
Number of pages	10
Journal	Humanomics
Volume	16
Issue number	1
DOIs	https://doi.org/10.1108/eb018846
State	Published - 1 Jan 2000

ASJC Scopus subject areas

Philosophy
Economics and Econometrics

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10.1108/eb018846

Cite this

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The Value of Information in the Interactive, Integrative and Evolutionary World Model: A Case History

Abstract

ASJC Scopus subject areas

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