Validity of threshold-crossing analysis of symbolic dynamics from   chaotic time series
  A practical and popular technique to extract the symbolic dynamics from experimentally measured chaotic time series is the threshold-crossing method, by which an arbitrary partition is utilized for determining the symbols. We address to what extent the symbolic dynamics so obtained can faithfully represent the phase-space dynamics. Our principal result is that such practice leads to a severe misrepresentation of the dynamical system. The measured topological entropy is a Devil's staircase-like, but surprisingly nonmonotone, function of a parameter characterizing the amount of misplacement of the partition. 
Erik M. Bollt, Theodore Stanford, Ying-Cheng Lai, Karol Zyczkowski