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Regulations carving out a path for new businesses? They may be less important than you think.

The Lowe Down

Article by Abbas Seltzer. Shannon Entropy measures the amount of information stored in legislation text. In practice, legislators often use conditionals to create “carve-outs” in state code. Carve-outs refer to exemptions within legislation that ensure particular policies do not apply. p-value for conditionals, 0.37