Blog
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Ergodicity Breaking in Geometric Brownian Motion
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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
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City A.M. article by Alex Adamou
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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
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“Gamble with time” by Mark Buchanan
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Mark Buchanan writes in the January issue of Nature Physics about Ole Peters’ work on the St Petersburg paradox. Referring to Ole’s strategy of regarding time as a key concept, he writes “it’s more or less impossible to
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Information-theoretic model for communication
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Ronald Dickman, Nicholas Moloney and Eduardo Altmann analyse an information-theoretic model for communication (introduced by Ferrer i Cancho and Solé), building on previous work by
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New LML offices
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LML happily announces the location of its new offices at 14 Buckingham Street, London, WC2N 6DF.
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Time, for a change.
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Ole Peters’ Gresham lecture “Time, for a change” is now available online (audio, video, transcript). Some highlights from the lecture that may clarify a few comments we’ve received:
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“Ergodicity — the biggest mistake in economics?” by Mark Buchanan.
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Three recent blog entries by Mark Buchanan about our work in non-ergodic economics.
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“A crack in the foundations — more readings” by Rick Bookstaber.
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One year on from Rick’s first piece discussing Ole Peters’ work “Menger 1934 revisited”, here’s an update of what has happened since.
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LML achieves charity status.
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Today LML was entered into the register of charities with the Charity Number 1149490.
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Ole Peters speaks at University Seminar on Reflexive Systems, George Washington University, Washington DC, USA
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Concepts, foundations, consequences.