headerdesktop bftimer9noi25

MAI SUNT 00:00:00:00

MAI SUNT

X

headermobile bftimer9noi25

MAI SUNT 00:00:00:00

MAI SUNT

X

Promotii popup img

Black Friday ca la carte

Aplică BF25 pentru -25% și

Transport GRATUIT

Folosește cuponul »

An Introduction to Ergodicity Economics

De (autor): Ole Peters

An Introduction to Ergodicity Economics - Ole Peters

An Introduction to Ergodicity Economics

De (autor): Ole Peters

This textbook introduces ergodicity economics (EE), placing the ergodicity question at the centre of economic decision-making: does expected value accurately represent what happens over time? Aimed at upper-level undergraduates, graduate students, researchers, and practitioners, this text challenges traditional models that rely on expected values without fully accounting for time as it affects real-life decisions. EE reveals that expected values match time averages only under specific conditions. When these conditions don't hold, we discover alternative concepts of rationality and new insights into risk and decision-making. This book provides essential mathematical tools and develops one core EE concept in depth: behavioural protocols that maximise long-term wealth growth. The result is a powerful framework with applications in individual decision-making, cooperation, insurance, economic inequality, and financial markets. Designed for a one-semester course, the book equips readers to contribute to the development of EE and apply its principles in advancing robust and equitable economic systems.

Citeste mai mult

Cupon BF25

-10%

transport gratuit

PRP: 1231.73 Lei

!

Acesta este Pretul Recomandat de Producator. Pretul de vanzare al produsului este afisat mai jos.

1108.56Lei

1108.56Lei

1231.73 Lei

Primesti 1108 puncte

Important icon msg

Primesti puncte de fidelitate dupa fiecare comanda! 100 puncte de fidelitate reprezinta 1 leu. Foloseste-le la viitoarele achizitii!

Indisponibil

Descrierea produsului

This textbook introduces ergodicity economics (EE), placing the ergodicity question at the centre of economic decision-making: does expected value accurately represent what happens over time? Aimed at upper-level undergraduates, graduate students, researchers, and practitioners, this text challenges traditional models that rely on expected values without fully accounting for time as it affects real-life decisions. EE reveals that expected values match time averages only under specific conditions. When these conditions don't hold, we discover alternative concepts of rationality and new insights into risk and decision-making. This book provides essential mathematical tools and develops one core EE concept in depth: behavioural protocols that maximise long-term wealth growth. The result is a powerful framework with applications in individual decision-making, cooperation, insurance, economic inequality, and financial markets. Designed for a one-semester course, the book equips readers to contribute to the development of EE and apply its principles in advancing robust and equitable economic systems.

Citeste mai mult

S-ar putea sa-ti placa si

De acelasi autor

Parerea ta e inspiratie pentru comunitatea Libris!

Istoricul tau de navigare

Acum se comanda

Noi suntem despre carti, si la fel este si

Newsletter-ul nostru.

Aboneaza-te la vestile literare si primesti un cupon de -10% pentru viitoarea ta comanda!

*Reducerea aplicata prin cupon nu se cumuleaza, ci se aplica reducerea cea mai mare.

Ma abonez image one
Ma abonez image one
Accessibility Logo