Economists thinking about anything from housing policy to climate change need to model how people make decisions, especially when facing uncertainty and risk. Read more
Economics had its critics even before the financial crisis of a decade ago. Since then doubt has grown over how much economists really know. Much of economics rests on analyses of how individuals – as consumers, or in managing a business, for example – make supposedly optimal decisions in uncertain situations. Read more
Erica’s research focusses on subtle issues affecting the use of mathematical models and simulations in aid of real-world decision making. In her own words, Read more
The London Mathematical Laboratory has signed a new research agreement with the Institute of Physics at the National Autonomous University of Mexico (UNAM) in Mexico City. Read more
The London Mathematical Laboratory (LML) invites applications to its 2019 Summer School. This will be held at the Abdus Salam International Centre for Theoretical Physics (ICTP) in Trieste, Italy from Monday 8th July to Friday 2nd August 2019.
Postgraduate students will spend four weeks researching a project under the supervision of LML Fellows and colleagues from the ICTP and the International School for Advanced Studies (SISSA). Project descriptions can be found here. Read more
The LML Summer School for 2018 ran from mid-July to mid-August and was a great success, with eight students collaborating on projects supervised by LML Fellows. The students made their final presentations on 17 August, and these are now available online, links given below. Read more
We are delighted to share the news that Baillie Gifford has become LML’s first corporate sponsor, donating £1 million over four years to support our research into economics. We are grateful for this generous philanthropy, which will help us accelerate progress in this ground-breaking scientific programme.
Following the financial crisis of 2007-2008, governments and financial regulators all over the globe pledged to reduce risk in the financial system. Many have raised capital requirements on banks, while others have tried to force financial institutions to be less opaque in communications with their clients. Read more
We are pleased to announce the LML External Fellows of 2017/18: Mark Buchanan, Fabio Caccioli, Colm Connaughton, Isaac Pérez Castillo, Davide Faranda, Michelle Girvan, Rosemary Harris, Rainer Klages, Imre Kondor, Jeroen Lamb, Fernando Metz, Claire Postlethwaite, Yuzuru Sato, Erica Thompson, Max Werner, Hyejin Youn and Jiancang Zhuang. Read more
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Ergodicity Economics 2022 (EE2022) (17-19 January 2022)