Based on the data from the Chinese financial market, this paper focuses on analyzing three types of network entropies of the financial market, namely, Shannon, Renyi and Tsallis entropies. The findings suggest that Shannon entropy can reflect the volatility of the financial market, that Renyi and Tsallis entropies also have this function when their parameter has a positive value, and that Renyi...

Alternative definitions are given of basic concepts of generalized thermostatistics. In particular, generalizations of Shannon’s entropy, of the Boltzmann-Gibbs distribution, and of relative entropy are considered. Particular choices made in Tsallis’ nonextensive thermostatistics are questioned.

We discuss entropy definition for composite systems composed of two Tsallis (or Rényi) systems with different q indices using the bi-composability nature. The most general bi-composable entropy form is given.

We revisit recent derivations of kinetic equations based on Tsallis' entropy concept. The method of kinetic functions is introduced as a standard tool for extensions of classical kinetic equations in the framework of Tsallis' statistical mechanics. Our analysis of the Boltzmann equation demonstrates a remarkable relation between thermodynamics and kinetics caused by the deformation of macroscop...