In this talk, Arne Vanhoyweghen (Vrije Universiteit Brussel) presents his research on the role of ergodicity breaking in economic problems, focusing on practical applications in discrete processes and real-world dynamics. Through stated preference experiments, he demonstrates that time averages provide a more appropriate null model for modelling human decision-making than ensemble averages.

The seminar was hosted by James King (Science Practice) and Emilie Rosenlund Soysal (London Mathematical Laboratory).