Stochastic Market Efficiency

Alex Adamou

LML Resident Fellow

LML Resident Fellow Alex Adamou will be speaking at the IMA Conference on Mathematics in Finance on Stochastic Market Efficiency.

Location

Edinburgh Conference Centre, Heriot-Watt University

Date & Time

8th – 9th April 2013

When does inequality freeze an economy?

Isaac Pérez Castillo

Isaac Pérez Castillo, Department of Complex Systems, Institute of Physics, UNAM

Inequality and its consequences are the subject of intense recent debate. Using a simplified model of the economy, in this seminar we address the relation between inequality and liquidity, the latter understood as the frequency of economic exchanges. Assuming a Pareto distribution of wealth for the agents, that is consistent with empirical findings, we find an inverse relation between wealth inequality and overall liquidity. We show that an increase in the inequality of wealth results in an even sharper concentration of the liquid financial resources. This leads to a congestion of the flow of goods and the arrest of the economy when the Pareto exponent reaches one.

Location

London Mathematical Laboratory, 14 Buckingham Street, London, WC2N 6DF

Date & Time

Friday 17th June 2016 at 14.00hrs

Information

LML Seminars are free to attend and no registration is required.