Blog
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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.
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Ole Peters speaks at Workshop “Combining Information Theory and Game Theory”, Santa Fe Institute, USA
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Utility vs. Dynamics. http://www.santafe.edu/research/sfi-theme-weeks/citgt/presentation-abstracts/
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Ole Peters speaks at University of Maryland, USA
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Non-ergodic dynamics of economic models. http://www.photonics.umd.edu/applied-dynamics/archive.html
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“The irreversibility of time” by TowersWatson.
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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.
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“Partial ensemble averages in geometric Brownian motion” submitted.
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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
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LML appoints trustees.
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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.
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LML is incorporated.
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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.