In this short essay , Ricardo Fenholz of Columbia University makes what seems (to me at least) to be a rather incredible claim: that it'...
Why time matters
I'm still thinking about the ideas of Ole Peters and the importance difference between time and ensemble averages. A few comments sugges...
Ultimate Limits to Growth
My latest essay in Bloomberg touched on ultimate limits to energy growth (and quite possibly economic growth) due to the accumulation of wa...
Why expected value is a mistake
I want to take a closer look at the very interesting work of Ole Peters I mentioned in my last post . He argues that the ensemble averages t...
Ergodicity -- the Biggest Mistake in Economics?
I'm increasingly convinced that Ole Peters has identified the nub of an utterly essential problem in the framework of contemporary (i.e...
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