"On the value of information in gambling, evolution and thermodynamics", Prof. Luca Peliti (SMRI, Italy)

• Date: Friday, February 2nd
• Time: 14:00-15:00
• Venue: C210, Center Building
• Speaker: Luca Peliti, Professor, Deputy Director at SMRI, Italy
• Title: On the value of information in gambling, evolution and thermodynamics

Abstract:

The connection between the information value of a message and capital gain was made by Kelly in 1956. In 1965 Kimura tried to evaluate the rate of information intake by a population undergoing Darwinian evolution by equating it with the substitutional load. Recently, the analogy between Kelly's scheme and work extraction was pointed out in the context of stochastic thermodynamics. I shall try to connect these threads, highlighting analogies and differences between the meaning of information and its value in the different contexts.