Ergodicity Economics 2021 Conference
The Ergodicity Economics 2021 conference (EE2021) was held virtually on 18-20 January 2021. The conference included research in Ergodicity Economics and related fields such as neuroscience, psychology, marketing, and medical research. It brought together more than 350 registered participants including academic scholars, practitioners and members of the public.
EE2021 Programme
Monday 18 January 2021
Please note: all times are GMT
Session 1 – Intro – Chair: Yonatan Berman
14:00 – 14:15: Alex Adamou – What is Ergodicity?
14:15 – 14:30: Ole Peters – What is Ergodicity Economics?
14:30 – 14:45: Marc Elsberg – How Ergodicity Economics Became a Thriller?
14:45 – 15:00: Discussion
15:00 – 15:15: Break
Session 2 – Decisions 1 – Chair: Ollie Hulme
15:15 – 15:30: David Meder – Experiments in Ergodicity Economics
15:30 – 15:45: Arne Vanhoyweghen – The Influence of Ergodicity on Risk Affinity
15:45 – 16:00: Remy Levin – Risk-Taking Adaptation to Macroeconomic Experiences: Theory and Evidence from Developing Countries
16:00 – 16:15: Discussion
Session 3 – Decisions 2 – Chair: Erica Thompson
16:30 – 16:45: Mark Kirstein – A History of the Optimand as an Ensemble Average Maintenance Programme
16:45 – 17:00: Ollie Hulme – Surveying Criticisms of Ergodicity Economics
17:00 – 17:15: Peter P. Wakker – Economists’ Views on Ergodic Economics
17:15 – 17:30: Discussion
Tuesday 19 January 2021
14:00 – 14:15: Hans Geboers – A Rational Risk Policy: The Importance of Randomness, Leverage and Heavy Tails on Portfolio Drawdowns
14:15 – 14:30: Mishael Milakovic – Is There a Risk-Return Trade-off Under Ergodicity?
14:30 – 14:45: Nils Bertschinger – Growth-Optimal Investment and Martingale Pricing
14:45 – 15:00: Discussion
Session 5 – Inequality 1 – Chair: Anand Sahasranaman
15:15 – 15:30: Yonatan Berman – Wealth Inequality and the Ergodic Hypothesis: Evidence from the United States
15:30 – 15:45: Viktor Stojkoski – Mobility, Mixing and Ergodicity
15:45 – 16:00: Jamil Civitarese – How Much Will We Reallocate?
16:00 – 16:15: Discussion
Session 6 – Decisions 3 – Chair: Alex Adamou
16:30 – 16:45: Ihor Kendiukhov – Risk Aversion and Risk-Neutral Probabilities
16:45 – 17:00: Diomides Mavroyiannis – Microfoundations of Discounting
17:00 – 17:15: Anthony Britto – Optimal Investment in Energy Efficiency: A Normative Framework
17:15 – 17:30: Discussion
Wednesday 20 January 2021
14:00 – 14:20: Erica Thompson – Next Steps for “EE”: From Camera to Engine?
14:20 – 14:30: Discussion
Session 8 – Medicine/Biology – Chair: Rainer Klages
14:45 – 15:00: Alex Kacelnik – Foraging Theory and Economics: Parallels and Differences
15:15 – 15:30: Michael Beil – Ergodicity in Predictive Modeling in Intensive Care Medicine
15:30 – 15:45: Discussion
Session 9 – Inequality 2 – Chair: Colm Connaughton
16:00 – 16:15: Ravi Kanbur – Ergodicity Economics: A Perspective from Conventional Income Distribution Analysis
16:15 – 16:30: Samuel Forbes – Modelling Wealth Generation with a Non-Stationary Kesten Process
16:30 – 16:45: Roger E. A. Farmer – Self-Fulfilling Prophecies, Quasi-Non-Ergodicity and Wealth Inequality
16:45 – 17:00: Discussion
Session 10 – Finance 2 – Chair: Ole Peters
17:15 – 17:30: François Gadenne – Conjuring Reality in the Ensemble vs. Restoring Temporal Skepticism
17:30 – 17:45: Christian Mueller – Cross Sectional Non-Ergodicity: An Empirical Approach
17:45 – 18:00: Andrew Fleck – Whither Actuarial Science?
18:00 – 18:15: Discussion
