In this talk, James Holehouse (Santa Fe Institute) presents a solution for the first-passage time distribution on a generalized one-dimensional finite interval using the “backward” master equations approach and generating…
In this talk, Arne Vanhoyweghen (Vrije Universiteit Brussel) presents his research on the role of ergodicity breaking in economic problems, focusing on practical applications in discrete processes and real-world dynamics.…
In this talk, Paula Reichert (Ludwig-Maximilians-Universität München) discusses the ergodic hypothesis in the context of Boltzmann’s late work in statistical mechanics, in which Boltzmann lays the foundations for what is…
In this talk, Jean-Philippe Bouchaud (Ecole normale supérieure, Capital Fund Management) introduces multiplicative growth in a simple model of an economy with exchanges and discusses the impact of re-distribution and…
Colm Connaughton (London Mathematical Laboratory) introduces the power compounding random walk in which the drift term produces power law growth in time. This process interpolates smoothly between the additive and…
In this talk, James Price (University of Warwick) presents his research on decisions over processes that stop in finite-time and processes where the outcome of a decision depends on the…