Ergodicity economics — a history
If you’re wondering where ergodicity economics comes from, where it sits in the world of science, then this blog post […]
An ergodicity perspective on reinforcement learning
“Reinforcement learning, a powerful branch of artificial intelligence (AI), has revolutionized the way machines learn and make decisions. From training
For to withhold is to perish
A central puzzle in evolutionary biology is that of spontaneous altruism. When two creatures interact, why might one sacrifice something
Insurance as an ergodicity problem
The business of insurance, by various measures, is the largest industry on earth. Somewhat surprisingly, mainstream economics struggles to explain
The infamous coin toss
In 2011 I gave a 15-minute talk to a lay audience in London. The topic I had chosen was ergodicity
Probability weighting and Ergodicity Economics
One key observation that helped launch the field of behavioral economics into stardom is called probability weighting: a human cognitive