Ole Peters

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Ole Peters is a Fellow at the London Mathematical Laboratory and External Professor at the Santa Fe Institute. He works on different conceptualizations of randomness in the context of economics. His thesis is that the mathematical techniques adopted by economics in the 17th and 18th centuries are at the heart of many problems besetting the modern theory. Using a view of randomness developed largely in the 20th century he has proposed an alternative solution to the discipline-defining problem of evaluating risky propositions. This implies solutions to the 300-year-old St. Petersburg paradox, the leverage optimization problem, the equity premium puzzle, and the insurance puzzle. It leads to deep insights into the origin of cooperation and the dynamics of economic inequality.

blog: Ergodicity Economics
email: o-dot-peters-at-lml-dot-org-dot-uk

London Mathematical Laboratory
13-14 Buckingham Street
London WC2N 6DF

External Professor
Santa Fe Institute
1399 Hyde Park Road
Santa Fe
NM, 87501

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