Ergodicity Economics 2021 Programme (all times are GMT)
18/01/2021 19/01/2021 20/01/2021
2:00 PM Opening remarks A Rational Risk Policy: The Importance of Randomness, Leverage Next Steps for "EE": From Camera to Engine? What is Ergodicity? and Heavy Tails on Portfolio Drawdowns Speaker: Erica Thompson Speaker: Alex Adamou Speaker: Hans Geboers Plenary (2:00-2:20) (chair: Alex Adamou) 2:15 PM What is Ergodicity Economics? Is There a Risk-Return Trade-off Under Ergodicity? Intro Finance 1 Discussion Speaker: Ole Peters Speaker: Mishael Milakovic (chair: Yonatan (chair: Emanuel 2:30 PM Berman) Derman) How Ergodicity Economics Became a Thriller? Growth-Optimal Investment and Martingale Pricing Break Speaker: Marc Elsberg Speaker: Nils Bertschinger
2:45 PM Foraging Theory and Economics: Parallels and Differences Discussion Discussion Speaker: Alex Kacelnik
3:00 PM Ergodicity in Predictive Modeling in Intensive Care Medicine Break Break Speaker: Michael Beil Medicine/Biology 3:15 PM Wealth Inequality and the Ergodic Hypothesis: Evidence from the (chair: Rainer Klages) Experiments in Ergodicity Economics United States Speaker: David Meder Speaker: Yonatan Berman Discussion 3:30 PM Mobility, Mixing and Ergodicity: A Physically-Motivated Measure The Influence of Ergodicity on Risk Affinity for Economic Mobility Speaker: Arne Vanhoyweghen Inequality 1 Decisions 1 Speaker: Viktor Stojkoski (chair: Anand 3:45 PM (chair: Ollie Hulme) Risk-Taking Adaptation to Macroeconomic Experiences: Theory and Sahasranaman) How Much Will We Reallocate? Evidence from Developing Countries Break Speaker: Jamil Civitarese Speaker: Remy Levin 4:00 PM Ergodicity Economics: A Perspective from Conventional Income Discussion Discussion Distribution Analysis Speaker: Ravi Kanbur 4:15 PM Modelling Wealth Generation with a Non-Stationary Kesten Break Break Process Inequality 2 Speaker: Samuel Forbes (chair: Colm 4:30 PM A History of the Optimand as an Ensemble Average Maintenance Risk Aversion and Risk-Neutral Probabilities Emerge Evolutionary in Connaughton) Self-Fulfilling Prophecies, Quasi-Non-Ergodicity and Wealth Programme Non-Ergodic Systems Inequality Speaker: Mark Kirstein Speaker: Ihor Kendiukhov Speaker: Roger Farmer 4:45 PM Surveying Criticisms of Ergodicity Economics Microfoundations of Discounting Discussion Decisions 2 Speaker: Ollie Hulme Speaker: Diomides Mavroyiannis Decisions 3 (chair: Erica 5:00 PM (chair: Alex Adamou) Thompson) Economists' Views on Ergodic Economics Optimal Investment in Energy Efficiency: A Normative Framework Break Speaker: Peter P. Wakker Speaker: Anthony Britto
5:15 PM Conjuring Reality in the Ensemble vs. Restoring Temporal Discussion Discussion Skepticism: A Practitioner's List of Puzzles, Paradoxes & Anomalies Speaker: Francois Gadenne 5:30 PM Cross Sectional Non-Ergodicity: An Empirical Approach Speaker: Christian Mueller Finance 2 5:45 PM (chair: Ole Peters) Whither Actuarial Science? Speaker: Andrew Fleck
6:00 PM Discussion