“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.

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.