In this seminar, Ihor Kendiukhov presents a Python library designed for Ergodicity Economics.

The Ergodicity Library is a free, open-source, and comprehensive Python toolkit developed by Ihor specifically for research in ergodicity economics and related fields. The library features tools for simulating continuous stochastic processes, training artificial agents to operate under uncertainty, and advanced visualisation. It places emphasis on fat-tailed and multiplicative processes, especially Lévy stable processes, given their importance in economics. This talk provides an overview of the library’s architecture and capabilities, illustrated through practical applications.

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