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 if for you. I won’t go into detail about any […]
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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 of value in order to help the other? Why, if
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 its existence. This post is about how ergodicity economics approaches
Wealth: redistribution and interest rates
The most interesting scientific projects are those that surprise, when the mathematics, or the code, tells us something we didn’t expect. In our study of US wealth dynamics that’s what