The Value of Information in the Interactive, Integrative and Evolutionary World Model: A Case History
Dr Gabor Korvin
(Department of Earth Sciences, King Fahd University of Petroleum and Minerals, Dhahran 31261, Saudi Arabia. Email: gabor@kfupm.edu.sa)
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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.
Citation
Korvin, G. (2000), "The Value of Information in the Interactive, Integrative and Evolutionary World Model: A Case History", Humanomics, Vol. 16 No. 1, pp. 15-24. https://doi.org/10.1108/eb018846
Publisher
:MCB UP Ltd
Copyright © 2000, MCB UP Limited