Author: Ole Peters
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For to withhold is to perish
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A central puzzle in evolutionary biology is that of spontaneous altruism. When two creatures interact, why might one sacrifice something […]
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Insurance as an ergodicity problem
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The business of insurance, by various measures, is the largest industry on earth. Somewhat surprisingly, mainstream economics struggles to explain […]
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The infamous coin toss
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In 2011 I gave a 15-minute talk to a lay audience in London. The topic I had chosen was ergodicity […]
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1-1 Nicolas Underwood. Ergodicity in principle and practice.
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1-2 James Price. Extending EE: ruin and finite-time problems.
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1-3 Carlos Raposo. What if we valued time instead of money?
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5-1 Benjamin Skjold. Scrutinizing the experimental design of the Copenhagen experiment.
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5-2 Vincent Ginis (for Cathy Macharis). Investigating the origins of redistributing behavior in non-ergodic contexts.
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6-1 Luca Dellanna. Ergodicity as a non-binary property.
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6-2 Emilie Rosenlund Soysal. Economic survival and climate change.
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6-3 Arne Vanhoyweghen. Human decision-making in a non-ergodic additive environment.
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Probability weighting and Ergodicity Economics
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One key observation that helped launch the field of behavioral economics into stardom is called probability weighting: a human cognitive […]
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Democratic domestic product
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Over the years, some words have established themselves at the London Mathematical Laboratory as a useful vocabulary. “Laplacing something” and […]
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Ergodicity, jail, and time scales
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When statistical things go wrong, it’s often because someone unknowingly assumed ergodicity where that wasn’t ok. This can have dramatic […]
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What’s a growth rate, really?
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Growth rates are at the heart of ergodicity economics, and economic news are full of them, too — “GDP grew […]
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The Copenhagen experiment
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A few weeks ago I was made aware of an experiment that was recently carried out in Copenhagen, by a […]
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Economics 101: Bertrand Russell is the Pope
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If we assume that a false proposition is true, we can prove anything (ex falso quodlibet). Bertrand Russell, so the […]
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The trouble with Bernoulli 1738
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Not all academic fields have a clear starting point, a seminal paper that constitutes the foundation of the entire discipline. […]
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Max Planck’s scheinproblems
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In June 1946 Max Planck spoke in the Göttingen physics colloquium. Planck was 88 years old, had received the highest […]
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Wealth: redistribution and interest rates
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The most interesting scientific projects are those that surprise, when the mathematics, or the code, tells us something we didn’t […]