“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.

http://www.bloomberg.com/news/2013-07-07/why-we-underestimate-risk-by-omitting-time-as-a-factor.html

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