As 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 BaeyerWe 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 BaeyerThe smell of subjectivity clings to the mechanical definition of complexity as stubbornly as it sticks to the definition of information.
Hans Christian von BaeyerThe solution of the Monty Hall problem hinges on the concept of information, and more specifically, on the relationship between added information and probability.
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 Baeyer