Benjamin Skjold

b.skjold@lml.org.uk

Research Fellow

In my work at LML, I investigate whether a fundamental assumption made in prevailing formulations of economic theory (the ergodic hypothesis) is valid in the systems they are applied and what happens with our understanding of these systems if we carefully address the question of ergodicity. I am currently most invested in the microeconomics part, where we investigate whether human decision making is time-optimal – testing a normative time optimality model against prevailing models. But am also interested in meso economic problems, mostly focused on inequality.