Ole Peters’ Gresham lecture “Time, for a change” is now available online (audio, video, transcript). Some highlights from the lecture that may clarify a few comments we’ve received:
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
Three recent blog entries by Mark Buchanan about our work in non-ergodic economics.
One year on from Rick’s first piece discussing Ole Peters’ work “Menger 1934 revisited”, here’s an update of what has happened since.
Today LML was entered into the register of charities with the Charity Number 1149490.
Concepts, foundations, consequences.
Utility vs. Dynamics. http://www.santafe.edu/research/sfi-theme-weeks/citgt/presentation-abstracts/
Non-ergodic dynamics of economic models. http://www.photonics.umd.edu/applied-dynamics/archive.html
Tim Hodgson sent us the work he did with his team at TowersWatson, extracting basic concepts and lessons for the investment industry from our work in non-ergodic economics.
In this paper Ole Peters and Bill Klein clarify two important issues in geometric Brownian motion. They show analytically, using extreme-value theory, that the time-average growth rate for a finite ensemble is the same as
In its first board meeting LML has today appointed the following three trustees: Jan-Peter Onstwedder, Oliver Schuppart, and Duncan Kennedy. We congratulate the trustees and thank them for accepting their nominations.
441 Fulham Palace Road