Non-ergodicity impacts statistical inference across a diverse range of disciplines, both within and beyond physics. However, the concept of ergodicity is used inconsistently and may refer to several non-equivalent notions. […]
Dr Ole Peters (London Mathematical Laboratory, Santa Fe Institute) explores how ergodicity economics rethinks decision-making and expected value, drawing on insights from Copenhagen experiments. Abstract Expected values play an important […]
Maximising expected outcomes - framed as expected utility in behavioural science and expected reward in reinforcement learning - has long dominated models of decision-making. In this seminar, Ollie Hulme (DRCMR) […]
Behavioural experiments by Ollie Hulme’s group in Copenhagen show that people change their implied risk preferences when choosing between repeated multiplicative versus additive gambles. The shifts are consistent with a […]
In this seminar, Aubrey Clayton (author of Bernoulli's Fallacy) introduces a framework for characterising probability without reliance on frequencies. Statistics educators (even Bayesians!) have long struggled with the fact that […]
In this seminar, Özgür Şimşek (University of Bath) will give an introduction to fast-and-frugal classifiers. These are precise, formal models of classification designed to make fast, accurate, and transparent decisions […]
To join the seminar, sign up here. Duncan James (Fordham University) will speak about his book "Risky Curves: On the empirical failure of expected utility," co-authored with Daniel Friedman, Mark […]
To join the seminar, sign up here. In this seminar, Alexandru Hening (Texas A&M University) presents his work on harvesting problems: Optimal Sustainable Harvesting of Populations in Random Environments Framing […]
The in-person event will take place in the center of beautiful Cascais, Portugal. This time, we want to explore the connections between ergodicity economics, ecological rationality, heuristics in decision-making, and […]
To see the full program or register, please click here. Over the past year, the Ergodicity Economics group has had fascinating interactions with the Adaptive Behavior and Cognition (ABC) group, […]
To join this seminar via StreamYard, sign up here. For future seminars in the ergodicity economics series, sign up to our mailing list. In this talk, James Holehouse (Santa Fe […]
To join this seminar via StreamYard, sign up here. For future seminars in the ergodicity economics series, sign up to our mailing list. Arne Vanhoyweghen (Vrije Universiteit Brussel) will present […]
