Info-Metrics for Modeling and Inference

About this event

Our classical statistical arsenal for extracting truth from data often fails to produce correct predictions. Uncertainty, blurry evidence and multiple possible solutions may trip up even the best interrogator. Info-metrics – the science of modeling, reasoning, and drawing inferences under conditions of insufficient and noisy information – provides a consistent and efficient framework for constructing models and theories with minimal assumptions. Situated at the intersection of information theory, statistical inference, and economic/econometric modeling, info-metrics reveals the simplest solution, model or story, that is hidden in the observed information. My talk will be based on my new book ‘Foundations of Info-Metrics: Modeling, Inference, and Imperfect Information,’ http://info-metrics.org/ in which I develop and examine the theoretical underpinning of info-metrics and provide extensive interdisciplinary applications. I will discuss the basic ideas via a small number of graphical representations of the model and theory and will then present a number of interdisciplinary real-world examples of using that framework for modeling and inference.