You have to love Wiki. I am searching Hick and get this. He measured and constructed the information theory of trade, a psychologist. He asked, how many items can we sort in any given time, then worked backward knowing the neuronal response time, to get at the structure of the neural net.
He found out in 1951 that we are finite precision entropy detectors. He discovered the hierarchical graph matching machine that is our upper brain. The depth of that neural network, like the rank of a graph, tells us the number of items we can sort in a trade, before we get aliasing errors, (counting things twice).
This guy did his work ten years after Shannon. Externally we sort from various alternatives. So the economy must organize production such that the alternatives of any give market do not exceed the 'rank' of the traders.
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