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Showing posts with label ergodicity. Show all posts
Showing posts with label ergodicity. Show all posts
Sunday, March 15, 2020

Lars P. Syll — Ergodicity: a primer

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Paul Samuelson once famously claimed that the “ergodic hypothesis” is essential for advancing economics from the realm of history to the re...
Friday, December 6, 2019

Lars P. Syll — The ergodicity problem in economics (wonkish)

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Less wonkishly, the basic problem here can be viewed in terms of the logical fallacy of hasty generalization. Hasty generalization involves...
2 comments:
Tuesday, May 30, 2017

Lars P. Syll — What is Post Keynesian Economics?

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Paul Davidson's view. Lars P. Syll’s Blog What is Post Keynesian Economics? Lars P. Syll | Professor, Malmo University
9 comments:
Thursday, December 29, 2016

Math Problems

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Assessing this is beyond my math chops to assess, but it is an interesting criticism of the use of math in economic by two math guys.  So...
6 comments:
Wednesday, November 23, 2016

Lars P. Syll — What is ergodicity?

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The post explains what this means. Lars P. Syll’s Blog What is ergodicity? Lars P. Syll | Professor, Malmo University
1 comment:
Saturday, May 9, 2015

Jason Smith — On the use of hypotheses: or, what do you get when you assume non-ergodicity?

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Jason Smith replies to Lars Syll (and Paul Davidson). What comes out of assuming ergodicity? All of basic thermodynamics and much o...
15 comments:
Thursday, March 5, 2015

Peter Radford — Where’s the Structure?

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This general perspective is why I abhor most economics. One of the most important aspects of reality economists have tossed overboard in th...
Wednesday, November 6, 2013

Lars P. Syll —Do people have rational expectations?

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If we want to have anything of interest to say on real economies, financial crisis and the decisions and choices real people make  [in a no...
1 comment:
Thursday, September 19, 2013

Paul Davidson — What is Post Keynesian Economics?

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Paul Davidson summarizes PKE. PKE rejects ergodicity, gross substitutability, and money neutrality. Lars P. Syll's Blog What is Post Key...
9 comments:
Thursday, July 11, 2013

Lars Syll — Why assuming ergodicity makes economics totally irrelevant

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...the assumption of the equality of these different averages — technically known as the assumption of “ergodicity” — is considered a given...
Sunday, June 30, 2013

Dirk Ehnts and Miguel Carrion Alvarez — The Theory of Reflexivity – A Non-Stochastic Randomness Theory for Business Schools Only?

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Abstract: According to George Soros (1987) – the author of “The Alchemy of Finance”, a book on the workings of financial markets - “has f...
Saturday, June 1, 2013

Lars P. Syll — Modern macroeconomics – like Hamlet without the Prince

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Simon Nixon: "the most important contribution to the debate is an essay by Claudio Borio, deputy head of the monetary and economics de...
Tuesday, April 23, 2013

Lars P. Syll — The state of modern macroeconomics – indescribable misery

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Lars explains in some detail what is wrong with dominant neoclassical approach to macroeconomics and what needs to be done. It really comes...
Friday, April 5, 2013

Lars P. Syll — Ergodicity – probabilistic thinking gone awry

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Simple explanation of ergodicity and why using ergodic economic models purporting to be representational in planning or policy formulation ...
Friday, March 22, 2013

Chris Dillow — Inequality, Evolution & Complexity

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Again, it's the complexity, stupid. Using ergodic equilibrium models to model complex adaptive systems is not only a methodological ...
Monday, February 25, 2013

Vlad Tarko — Ergodicity for Dummies (via Lars Syll)

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... you obtain two different results: one statistical analysis over the entire ensemble of people at a certain moment in time, and one stat...
Saturday, February 16, 2013

Joshua Wojnilower — Macro Theorizing in a Non-Ergodic World

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More on the ergodicity assumption. Bubbles and Bust Macro Theorizing in a Non-Ergodic World Joshua Wojnilower
Sunday, February 10, 2013

Lars P. Syll — Ergodicity – the biggest mistake ever made in economics

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Paul Samuelson claimed that the “ergodic hypothesis” is essential for advancing economics from the realm of history to the realm of science...
Tuesday, August 7, 2012

Lars Syll — Paul Samuelson and the ergodic hypothesis

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Paul Samuelson claimed that the “ergodic hypothesis” is essential for advancing economics from the realm of history to the realm of science...
Sunday, July 29, 2012

Lars Syll — Keynes and Knight on uncertainty – ontology vs. epistemology

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Report of a conversation between Lars and Paul Davidson on the philosophical underpinning of probability and its relevance in economics and ...
3 comments: