14 Buckingham Street

New LML offices

LML happily announces the location of its new offices at 14 Buckingham Street, London, WC2N 6DF. Read more

Gresham

Time, for a change.

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: Read more

Bookstaber

“A crack in the foundations — more readings” by Rick Bookstaber.

One year on from Rick’s first piece discussing Ole Peters’ work “Menger 1934 revisited”, here’s an update of what has happened since.  Read more

lml_square

LML achieves charity status.

Today LML was entered into the register of charities with the Charity Number 1149490. Read more

Ole Peters

Ole Peters speaks at Workshop “Combining Information Theory and Game Theory”, Santa Fe Institute, USA

Utility vs. Dynamics. http://www.santafe.edu/research/sfi-theme-weeks/citgt/presentation-abstracts/ Read more

Ole Peters

Ole Peters speaks at University of Maryland, USA

Non-ergodic dynamics of economic models. http://www.photonics.umd.edu/applied-dynamics/archive.html

Read more

Tower Watson

“The irreversibility of time” by TowersWatson.

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. Read more

lml_square

“Partial ensemble averages in geometric Brownian motion” submitted.

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 Read more