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BEGIN:VEVENT
DTSTAMP:20260910T020508Z
LAST-MODIFIED:20121116T203436Z
DTSTART:20111011T193000Z
DTEND:20111011T203000Z
UID:event825@bu.edu
URL:http://physics.bu.edu/internal/events/show/825
SUMMARY:Non-ergodicity in Economics
DESCRIPTION:Featuring Ole Peters\, Imperial College\nHosted by: William Kle
	in\nPoster: http://physics.bu.edu/posters/2011_Fall/03_Peters.pdf\n\nPart o
	f the Physics Department Colloquia Series.\n\nAbstract: Quantitative econom
	ics has borrowed methods from statistical mechanics from the early days of 
	both fields. Notions such as equilibrium\, and more recently phase transiti
	ons and scaling have been used by economists and physicists to gain a quant
	itative understanding of how economic systems behave. In this talk I will f
	ocus on the notion of ergodicity by discussing the relation between ensembl
	e and time averaging in economic contexts. I will explore how this concept 
	reveals an unappreciated role of fluctuations and time\, as reflected in in
	terpretations of growth rates and a fundamental significance of leveraging.
LOCATION:SCI 109\, 590 Commonwealth Avenue\, 02215
STATUS:CONFIRMED
CLASS:PUBLIC
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