Monday 9 September 2013 was an important milestone in the history of financial mathematics: the 300th anniversary of the formulation of the St Petersburg Paradox by Nicolas Bernoulli.
This author has yet to write their bio.Meanwhile lets just say that we are proud LML contributed a whooping 85 entries.
Entries by LML
LML is pleased to announce that Yuzuru Sato has been appointed External Fellow. Yuzuru is an Associate Professor in the Department of Mathematics at Hokkiado University and will spend one day a week at LML
Writing for Bloomberg, Mark Buchanan explains the conceptual difference between classical behavioral utility theory and Ole Peters’ work on risk that emphasizes the non-ergodic nature of models of wealth dynamics.
Bill Miller, Chairman of LMM, LLC and Investment Management Company, and Chairman Emeritus of the Santa Fe Institute, joins LML’s board of trustees. We congratulate Bill and thank him for accepting his nomination.
Today Ole joined SFI’s external faculty. In return we hope to welcome many SFI researchers in London over the coming years.
The paper by Ole Peters and Bill Klein is published in Physical Review Letters. It takes issue with the common but false assumption of ergodicity — the equality of time averages and expectation values
Alex Adamou introduces the notion of ergodicity and the role of time in economics in an op-ed article published in City A.M., London’s leading free business newspaper, on 4th Jan. He urges finance professionals to
Mark Buchanan writes in the January issue of Nature Physics about Ole Peters’ work on the St Petersburg paradox. Referring to Ole’s strategy of regarding time as a key concept, he writes “it’s more or less impossible to
Ronald Dickman, Nicholas Moloney and Eduardo Altmann analyse an information-theoretic model for communication (introduced by Ferrer i Cancho and Solé), building on previous work by
LML happily announces the location of its new offices at 14 Buckingham Street, London, WC2N 6DF.
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