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
Today LML was entered into the register of charities with the Charity Number 1149490. Read more
Concepts, foundations, consequences.
Utility vs. Dynamics. http://www.santafe.edu/research/sfi-theme-weeks/citgt/presentation-abstracts/ Read more
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. Read more
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
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. Read more