65

Scientific Work Experience

From 15-16th January LML welcomed Rika Yoshitani and Yudai Yoshida from the Japanese School in London for a scientific work experience. On the first day the students were introduced to time series Read more

William Klein

Bill Klein appointed External Fellow

LML is pleased to announce that Bill Klein has been appointed External Fellow. Bill is a Professor of Physics at Boston University. He will be visiting LML and use his Fellowship to introduce BU students Read more

60

Tiago Pereira appointed External Fellow

LML is pleased to announce that Tiago Pereira has been appointed External Fellow. Tiago is a Marie-Curie Fellow in the Department of Mathematics at Imperial College London. Read more

49

Time For A Solution – A Celebration of the Resolution of the St Petersburg Paradox

Monday 9 September 2013 was an important milestone in the history of financial mathematics: the 300th anniversary of the formulation of the St Petersburg Paradox by Nicolas Bernoulli.  Read more

Yuzuru Sato

Yuzuru Sato appointed External Fellow

LML is pleased to announce that Yuzuru Sato has been appointed External Fellow. Yuzuru is an Associate Professor in the Department of Mathematics at Hokkiado University and will spend one day a week at LML Read more

43

“Why we underestimate risk by omitting time as a factor” by Mark Buchanan

Writing for Bloomberg, Mark Buchanan explains the conceptual difference between classical behavioral utility theory and Ole Peters’ work on risk that emphasizes the non-ergodic nature of models of wealth dynamics. Read more

Bill Miller

Bill Miller appointed trustee

Bill Miller, Chairman of LMM, LLC and Investment Management Company, and Chairman Emeritus of the Santa Fe Institute, joins LML’s board of trustees. We congratulate Bill and thank him for accepting his nomination. Read more

23

Ole Peters appointed External Professor at Santa Fe Institute

Today Ole joined SFI’s external faculty. In return we hope to welcome many SFI researchers in London over the coming years. Read more

32

Ergodicity Breaking in Geometric Brownian Motion

The paper by Ole Peters and Bill Klein is published in Physical Review Letters. It takes issue with the common but false assumption of ergodicity — the equality of time averages and expectation values Read more

28

City A.M. article by Alex Adamou

Alex Adamou introduces the notion of ergodicity and the role of time in economics in an op-ed article published in City A.M., London’s leading free business newspaper, on 4th Jan. He urges finance professionals to Read more