New experiments back Ergodicity Economics over Expected Utility Theory in modeling human decision making

Economists thinking about anything from housing policy to climate change need to model how people make decisions, especially when facing uncertainty and risk. Read more

Interview with Marc Elsberg, author of the new German language novel Gier.

Economics had its critics even before the financial crisis of a decade ago. Since then doubt has grown over how much economists really know. Much of economics rests on analyses of how individuals – as consumers, or in managing a business, for example – make supposedly optimal decisions in uncertain situations. Read more

The LML has hired External Fellow Erica Thompson as Principal Investigator of Inference from Models

Erica’s research focusses on subtle issues affecting the use of mathematical models and simulations in aid of real-world decision making. In her own words, Read more

Agreement between LML and the National Autonomous University of Mexico to fund a postdoctoral research assistant.

The London Mathematical Laboratory has signed a new research agreement with the Institute of Physics at the National Autonomous University of Mexico (UNAM) in Mexico City. Read more

Announcing the LML Summer School 2019

The London Mathematical Laboratory (LML) invites applications to its 2019 Summer School. This will be held at the Abdus Salam International Centre for Theoretical Physics (ICTP) in Trieste, Italy from Monday 8th July to Friday 2nd August 2019.

Postgraduate students will spend four weeks researching a project under the supervision of LML Fellows and colleagues from the ICTP and the International School for Advanced Studies (SISSA). Project descriptions can be found here. Read more

Postdoctoral Fellow Yonatan Berman joins the LML Ergodicity Economics research programme

LML is delighted to announce that Yonatan Berman joins the Ergodicity Economics research programme as a Postdoctoral Fellow. Yonatan joins us from Paris School of Economics and has a PhD from Tel Aviv University. Read more

Final presentations from the 2018 LML Summer School now online

The LML Summer School for 2018 ran from mid-July to mid-August and was a great success, with eight students collaborating on projects supervised by LML Fellows. The students made their final presentations on 17 August, and these are now available online, links given below. Read more

Baillie Gifford sponsors LML Economics project

We are delighted to share the news that Baillie Gifford has become LML’s first corporate sponsor, donating £1 million over four years to support our research into economics. We are grateful for this generous philanthropy, which will help us accelerate progress in this ground-breaking scientific programme.

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Empirical limits in the estimation of financial risk measures

Following the financial crisis of 2007-2008, governments and financial regulators all over the globe pledged to reduce risk in the financial system. Many have raised capital requirements on banks, while others have tried to force financial institutions to be less opaque in communications with their clients. Read more

LML Fellows

LML External Fellows 2017/18

We are pleased to announce the LML External Fellows of 2017/18: Mark Buchanan, Fabio Caccioli, Colm Connaughton, Isaac Pérez Castillo, Davide Faranda, Michelle Girvan, Rosemary Harris, Rainer Klages, Imre Kondor, Jeroen Lamb, Fernando Metz, Claire Postlethwaite, Yuzuru Sato, Erica Thompson, Max Werner, Hyejin Youn and Jiancang Zhuang. Read more