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Longman Dictionary of Contemporary English
information theory
noun
EXAMPLES FROM CORPUS
▪ Boltzmann machines and other similar devices have foundations in information theory.
▪ It is an attempt, perhaps a rather naive attempt, to apply information theory to decoration.
▪ This attitude changed by the 1950s and was emphasized by the development of cybernetics, information theory and operations research.
▪ This paper put information theory on the map, establishing terminology and a framework that are still used today.
▪ This, in general terms, is what is meant by isomorphism in information theory.
▪ Undoubtedly, information theory has its uses in molecular biology, in particular by giving insights into the way genes code for proteins.
The Collaborative International Dictionary
information theory

information theory \in`for*ma"tion the"o*ry\, n. (Math., Telecommunications) The science which studies the capacity of systems to contain and transmit information[2], and the factors such as noise and channel capacity that may affect the rate or accuracy of information transmission and reception.

Wiktionary
information theory

n. (context mathematics English) A branch of applied mathematics and engineering involving the quantification of information sent over a communication channel, disregarding the meaning of the sent messages, exemplified by the http://en.wikipedia.org/wiki/Noisy-channel%20coding%20theorem.

WordNet
information theory

n. (computer science) a statistical theory dealing with the limits and efficiency of information processing

Wikipedia
Information theory

Information theory studies the quantification, storage, and communication of information. It was originally proposed by Claude E. Shannon in 1948 to find fundamental limits on signal processing and communication operations such as data compression, in a landmark paper entitled " A Mathematical Theory of Communication". Now this theory has found applications in many other areas, including statistical inference, natural language processing, cryptography, neurobiology, the evolution and function of molecular codes, model selection in ecology, thermal physics, quantum computing, linguistics, plagiarism detection, pattern recognition, and anomaly detection.

A key measure in information theory is " entropy". Entropy quantifies the amount of uncertainty involved in the value of a random variable or the outcome of a random process. For example, identifying the outcome of a fair coin flip (with two equally likely outcomes) provides less information (lower entropy) than specifying the outcome from a roll of a (with six equally likely outcomes). Some other important measures in information theory are mutual information, channel capacity, error exponents, and relative entropy.

Applications of fundamental topics of information theory include lossless data compression (e.g. ZIP files), lossy data compression (e.g. MP3s and JPEGs), and channel coding (e.g. for Digital Subscriber Line (DSL)).

The field is at the intersection of mathematics, statistics, computer science, physics, neurobiology, and electrical engineering. Its impact has been crucial to the success of the Voyager missions to deep space, the invention of the compact disc, the feasibility of mobile phones, the development of the Internet, the study of linguistics and of human perception, the understanding of black holes, and numerous other fields. Important sub-fields of information theory include source coding, channel coding, algorithmic complexity theory, algorithmic information theory, information-theoretic security, and measures of information.