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
Information
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.