The Ergodicity Economics textbook will be published in 2024.

While we’re working on it, you can support us and already get started by downloading our 2018 lecture notes for $15. This will count as a down payment on the textbook should you order it later.

Click “Buy now,” and we will send you an email with the notes, stamped with a unique identifier. The identifier is your code to order the textbook from LML. We will email you when it’s ready.

What others are saying about the lecture notes:

Also, feel free to check out our list of open-access EE-related research papers and visit ergodicity.tv for bite-sized videos.

Research papers

• Non-ergodicity in reinforcement learning: robustness via ergodicity transformations (2023). Baumann et al.
• Reply to “The limitations of growth-optimal approaches to decision-making under uncertainty” (2023). Hulme et al.
• The limitation of growth-optimal approaches to decision-making under uncertainty (2023). Ford, Kay.
• Are risk preferences optimal? (2023). Skjold et al.
• Insurance as an ergodicity problem (2023). Peters.
• The influence of ergodicity on risk affinity of timed and non-timed respondents (2022). Vanhoyweghen et al.
• Stable cooperation emerges in stochastic multiplicative growth (2022).
  Fant et al.
• The ergodicity solution of the cooperation puzzle (2022).
  Peters, Adamou.
• Wealth inequality and the ergodic hypothesis: evidence from the United States (2021).
  Berman, Peters, Adamou.
• The two growth rates of the economy (2020).
  Adamou, Berman, Peters.
• What are we weighting for? A mechanistic model for probability weighting (2020).
  Peters, Adamou, Kirstein, Berman.
• The ergodicity problem in economics (2019).
  Peters.
• Ergodicity-breaking reveals time optimal decision making in humans (2019).
  Meder et al..
• Microfoundations of discounting (2019).
  Adamou, Berman, Mavroyiannis, Peters.
• Comment on D. Bernoulli (1738) (2019).
  Peters.
• The sum of log-normal variates in geometric Brownian motion (2018).
  Peters, Adamou.
• The time interpretation of expected utility theory (2018).
  Peters, Adamou.
• A recipe for irreproducible results (2017).
  Peters, Werner.
• Dynamics of inequality (2016).
  Adamou, Peters.
• Evaluating gambles using dynamics (2016).
  Peters, Gell-Mann.
• An evolutionary advantage of cooperation (2015).
  Peters, Adamou.
• Insurance makes wealth grow faster (2015).
  Peters, Adamou.
• Ergodicity breaking in geometric Brownian motion (2013).
  Peters, Klein.
• Leverage efficiency (2011).
  Peters, Adamou.
• Menger 1934 revisited (2011).
  Peters.
• The time resolution of the St Petersburg paradox (2011).
  Peters.
• Optimal leverage from non-ergodicity (2011).
  Peters.