Category: Concepts
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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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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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Doing a Laplace
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This is a bit of LML jargon that we felt is worth promoting, even though it’s terribly unfair to a […]
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Ink, science, story-telling
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Scientific theorizing is indeed about finding something reliable in the world — if we’re lucky something reliable enough to be […]
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Winner take all
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Michael Mauboussin recently re-tweeted an article by Jason Zweig in the Wall Street Journal titled “Disturbing New Facts About American […]
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Gas in a box or nuclear explosion?
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This post is about mindset, culture, implicit assumptions. The big assumption in neoclassical economics is ergodicity, or equilibrium, or stationarity, […]
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Reproducibility and weak ergodicity breaking
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The term “weak ergodicity breaking” helps categorize things by their ergodic properties: ergodic strongly non-ergodic weakly non-ergodic This list is […]
