Entropy-Based Behavioural Efficiency of the Financial Market.

The most known and used abstract model of the financial market is based on the concept of the informational efficiency (EMH) of that market. The paper proposes an alternative which could be named the behavioural efficiency of the financial market, which is based on the behavioural entropy instead of the informational entropy. More specifically, the paper supports the idea that, in the financial market, the only measure (if any) of the entropy is the available behaviours indicated by the implicit information.

Social Entropy and Normative Network.

The paper introduces a new concept of social entropy and a new concept of social order, both based on the normative framework of society. From these two concepts, typologies (logical and historical) of societies are inferred and examined in their basic features. To these ends, some well-known concepts such as entropy, order, system, network, synergy, norm, autopoieticity, fetality, and complexity are revisited and placed into an integrated framework.