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Alex Adamou
Director of the London Mathematical Laboratory. Ergodicity, economics, epistemology. Ex-professional gambler.
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Alex Adamou 10h
The UK Conservative party's press account, , has changed its handle to "factcheckUK". It appears as a non-partisan fact-checking organisation, which is untrue and misleading. The handle was previously "CCHQ Press Office". This is a serious violation.
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Alex Adamou 11h
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Mark Kirstein 19h
Don't miss 'Everything you always wanted to know about Ergodicity Economics' on 3 Dec in Copenhagen.
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Alex Adamou Nov 15
Good luck making the learning and playing phases long enough for the player to characterise and sample the fat-tailed payout distribution.
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Alex Adamou Nov 15
Positive long run growth rate at any ticket price (assuming no bankruptcy, i.e. negative wealth is allowed).
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Alex Adamou Nov 15
You might have misunderstood multiplicative day. It's not simply a case of bidding in proportion to one's wealth to receive a realisation of the payout distribution. Under multiplicative dynamics, the payouts must also scale with wealth.
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Alex Adamou Nov 15
Great to have another curious mind (and top software developer) in the Lab! Very productive discussions...
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Alex Adamou Nov 15
The differences are more than just technicalities:
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Alex Adamou Nov 15
And EUT does not.
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Alex Adamou Nov 15
Nonlogarithmic utility is a correct application of EUT. EUT gives the modeller unlimited choice of utility function. EE tells the modeller exactly which ergodicity mapping to use, given the dynamics. Therefore, they are not the same.
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Alex Adamou Nov 15
Those guys are always plain vanilla.
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Alex Adamou Nov 15
Yes, but EUT is not confined to the logarithm.
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Alex Adamou Nov 15
Also the fundamental difference between tournament and cash play. In tournaments, if you lose your chips, you are out. So you decline favourable gambles that you would accept in cash games. David Sklanksy's Theory of Poker was good on this point.
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Alex Adamou Nov 15
No, they didn't point this out. They weren't *that* stupid.
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Alex Adamou Nov 15
Kahneman (Daniel).
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Alex Adamou Nov 15
Replying to @ole_b_peters
Great applicants. They are the future of EE and the future of economics.
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Alex Adamou Nov 13
I don't know if Yonatan will post his slides but the preprint is short and (I'd like to think) readable:
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Alex Adamou Nov 13
Great! If you have any feedback, we'd love to hear it. The platform allows public reviews and comments.
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Alex Adamou Nov 13
ERGODICITY BREAKING Fellow will explain temporal discounting using Ergodicity Economics at tomorrow afternoon. If you are in the London area, this will be a great introduction to both topics. Details below.
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Alex Adamou Oct 23
DEADLINE FRIDAY. Do not miss!
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