Category: Uncategorized
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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 […]