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

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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

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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

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“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

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LML appoints trustees.

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

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LML is incorporated.

We’re celebrating today because we exist! LML is now a charitable company registered in England and Wales with the Company Number 8202599. The next step will be to obtain approval from the Charity Commission. Read more