Microfoundations of Discounting

Economists routinely model how people choose between different options. For example, a common issue is time delay: would you choose to receive £100 today, or prefer £200 next month? Read more

Generalized dimensions, large deviations and the distribution of rare events

Any fractal set possesses a unique dimension, which characterises its self-similar behaviour under a change of scale. The attractors of many dynamical systems are more complex multifractals, which possess a spectrum of dimensions, or “generalized” dimensions. Read more