A critical comparison of three information-based approaches to physics

Many of the laws of physics are expressions that define probability distributions. These laws may be derived through variation of appropriate Lagrangians. We compare and contrast; three Langrangian approaches which axe based on information-theoretic considerations: the Maximum Entropy (ME) principle: the Minimum Fisher Information (MFI) approach and the principle of Extreme Physical Information (EPI). (The latter also produces independent, solutions by zeroing as well as varying the. Langrangian.) Though superficially similar. these three methods are markedly different in their world views and applicability to physics. Only the EPI principle applies broadly to all of physics and we show that this is reasonable on the following grounds: Physics should not, depend upon arbitrary subjective choices, but: ME and MFI, both intrinsically Bayesian approaches, require the choice of arbitrary, subjectively defined inputs such as prior probability laws and input constraints, for their implementation. EPI, in contrast.; solves for its effective constraints, needs no prior distribution assumption and, hence; does not require any arbitrary subjective inputs.