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econ.GN2020
The Two Growth Rates of the Economy
Alexander Adamou, Yonatan Berman, Ole Peters
Economic growth is measured as the rate of relative change in gross domestic product (GDP) per capita. Yet, when incomes follow random multiplicative growth, the ensemble-average (…
econ.TH2020
What are we weighting for? A mechanistic model for probability weighting
Ole Peters, Alexander Adamou, Mark Kirstein +1
Behavioural economics provides labels for patterns in human economic behaviour. Probability weighting is one such label. It expresses a mismatch between probabilities used in a for…