The ergodic hypothesis is a key analytical device of equilibrium statistical mechanics. It
underlies the assumption that the time average and the expectation value of an observable …

Our economy may have recovered from the Great Recession—but not our economics. In The
End of Theory, Richard Bookstaber discusses why the human condition and the radical …

Gambles are random variables that model possible changes in wealth. Classic decision
theory transforms money into utility through a utility function and defines the value of a …

Blockchain networks and similar cryptoeconomic networks are systems, specifically complex
systems. They are adaptive networks with multiscale spatio-temporal dynamics. Individual …

A growing body of empirical evidence suggests that the dynamics of wealth within a
population tends to be nonergodic, even after rescaling the individual wealth with the …

Blockchain networks and similar cryptoeconomic networks are systems, specifically complex
systems. They are adaptive networks with multiscale spatio-temporal dynamics. Individual …

Understanding the evolutionary stability of cooperation is a central problem in biology,
sociology, and economics. There exist only a few known mechanisms that guarantee the …

We consider a highly stylized, yet non trivial model of the economy, with a public and private
sector coupled through a wealth tax and a redistribution policy. The model can be fully …

В статье проводится обзор теоретических аспектов развития криптоэкономики,
которые связаны не только с техническими возможностями, но и более широким …

Fluctuating environments are situations where the spatio-temporal stochasticity plays a
significant role in the evolutionary dynamics. The study of the evolution of cooperation in …