@LdnMathLab

LML is an institute for scientific research based in West London. We provide a space to think about problems deeply.

 London, England
lml.org.uk
Joined December 2016
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The Ergodicity Economics 2026 conference looking exciting!
Ergodicity Economics 2027@EE_Conf_LMLFeb 19
...and the program is ready! Day one this time will start with a textbook-based introduction to EE. The aim of the meeting is to practice the `ergodicity squint' as we re-consider big questions of social organization, business and finance.
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New book: An Introduction to Ergodicity Economics A new textbook by SFI External Professor Ole Peters and Alexander Adamou draws on physics to re-examine core assumptions in economic theory. It presents a formal challenge to expected-value thinking and shows how non-ergodicity can arise naturally in economic models. The book introduces ergodicity economics as a “third way” alternative to expected-utility theory and behavioral critiques of rationality. It is the first textbook in this emerging field, and it offers a new way to think about decision-making under uncertainty. santafe.edu/news-center/news…
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...wherein I suggest, around 5m:20s, that the ergodicity problem is the problem of emergence, which in turn is the problem of complexity. Things I worked on with Murray Gell-Mann at @sfiscience.
Ole Peters
@ole_b_peters28 Nov 2025
Replying to @ole_b_peters
youtu.be/3V1OBeijRwo

Why we wrote a textbook

In June 2025, the textbook `An introduction to ergodicity economics...

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Why we wrote a textbook.
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Replying to @OAmKorAr @nntaleb
The cheapest place to buy it is here. Any profits (price minus printing and shipping) are donated to @LdnMathLab in support of the ergodicity research program. ergodicityeconomics.com/an-i…

An Introduction to Ergodicity Economics

Order An Introduction to Ergodicity Economics and preview the book.

ergodicityeconomics.com
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If you haven’t got your own copy yet, now’s the time to get one. I wholeheartedly recommend it.
Emanuel Derman @emanuelderman.bsky@EmanuelDerman7 Sep 2025
If price was restraining you from enjoying my new reminiscence of youth, loves, & mores in immigrant Cape Town, adorned with 100 color photos, it’s now $17.50 on Amazon. amazon.com/Brief-Hours-Weeks… J M Coetzee, Nobel Laureate, says: “The chapter on the lonely Mrs Gold is a triumph.”

Brief Hours and Weeks: My Life as a Capetonian

Brief Hours and Weeks: My Life as a Capetonian

amazon.com
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Publication day!!! These beautiful objects can now be ordered. For our main markets, we have automated shipping solutions, but we're trying to reach everywhere. For now that means: loads of books at @LdnMathLab. Get yours at ergodicityeconomics.com/an-i…
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Lovely summary by @ole_b_peters of our little textbook and the twenty years of thought that went into it. Very excited to see it published next month...
Ole Peters
@ole_b_peters17 May 2025
1/thread🧵 Almost 20 years ago, I started thinking about the ergodicity problem in the context of economics. That turned out to be surprisingly fruitful, and now there's a book about it.
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The making of the book `An Introduction to Ergodicity Economics.'
Ole Peters
@ole_b_peters17 May 2025
1/thread🧵 Almost 20 years ago, I started thinking about the ergodicity problem in the context of economics. That turned out to be surprisingly fruitful, and now there's a book about it.
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