by Summary:
Time irreversibility and non-ergodicity are — as yours truly repeatedly has argued — extremely important issues for understanding what are some of the deep fundamental flaws of mainstream economics. Ole Peters presentation at Gresham College gives further evidence why expectation values are irrelevant for understanding real-world economic systems. [embedded content]
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Time irreversibility and non-ergodicity are — as yours truly repeatedly has argued — extremely important issues for understanding what are some of the deep fundamental flaws of mainstream economics. Ole Peters presentation at Gresham College gives further evidence why expectation values are irrelevant for understanding real-world economic systems. [embedded content]
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Lars Pålsson Syll writes DSGE models — worse than useless
Lars Pålsson Syll writes DSGE models — a total waste of time
Lars Pålsson Syll writes Was MMT right about inflation? Yes!
Lars Pålsson Syll writes Brownian motion (student stuff)
Time irreversibility and non-ergodicity are — as yours truly repeatedly has argued — extremely important issues for understanding what are some of the deep fundamental flaws of mainstream economics.
Ole Peters presentation at Gresham College gives further evidence why expectation values are irrelevant for understanding real-world economic systems.