marc buchanan

“Ergodicity — the biggest mistake in economics?” by Mark Buchanan.

Three recent blog entries by Mark Buchanan about our work in non-ergodic economics.

http://physicsoffinance.blogspot.co.uk/2012/11/ergodicity-biggest-mistake-in-economics.html

http://physicsoffinance.blogspot.co.uk/2012/11/why-expected-value-is-mistake.html

http://physicsoffinance.blogspot.co.uk/2012/11/why-time-matters.html

Mark has a new book out, Forecast: what extreme weather can teach us about economics.

Mark Buchanan Forecast Book Image

In this context we’re wondering: is it significant for our work in economics that Ole Peters has spent much of his career staring at clouds and thinking about violent convective events in the atmosphere? And what about Nicholas Moloney’s and Ole’s background in self-organized criticality — Mark has written a book on that too: Ubiquity.

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