We don't know what energy is, any more than we know what information is, but as a now robust scientific concept we can describe it in precise mathematical terms, and as a commodity we can measure, market, regulate and tax it.
Hans Christian von BaeyerIf you don't understand something, break it apart; reduce it to its components. Since they are simpler than the whole,you have a much better chance of understanding them; and when you have succeeded in doing that, put the whole thing back together again.
Hans Christian von BaeyerIf the intensity of the material world is plotted along the horizontal axis, and the response of the human mind is on the vertical, the relation between the two is represented by the logarithmic curve. Could this rule provide a clue to the relationship between the objective measure of information, and our subjective perception of it?
Hans Christian von BaeyerAs every bookie knows instinctively, a number such as reliability - a qualitative rather than a quantitative measure - is needed to make the valuation of information practically useful.
Hans Christian von Baeyer