Related papers: 'Ergodicity Economics' is Pseudoscience
A few considerations on the nature of Economics and its relationship to human communities through the prism of Self-Organizing-Systems.
For four decades it has been argued that we need to adopt a new conception of science called aim-oriented empiricism. This has far-reaching implications and repercussions for science, the philosophy of science, academic inquiry in general,…
This article is a position paper written in reaction to the now-infamous paper titled "On the Dangers of Stochastic Parrots: Can Language Models Be Too Big?" by Timnit Gebru, Emily Bender, and others who were, as of the date of this…
The existence of involuntary unemployment advocated by J. M. Keynes is a very important problem of the modern economic theory. Using a three-generations overlapping generations model, we show that the existence of involuntary unemployment…
Oscillations are observed in all branches of science and culture, ranging from the behavior of ele-mentary particles, atoms, molecules in simple chemical or physical systems or even in complex organisms, up to oscillations of the behavior…
Numerous studies have revealed biases within the scientific communication system and across all scientific fields. For example, already prominent researchers receive disproportional credit compared to their (almost) equally qualified…
The application of principles of thermodynamics and statistical mechanics to economic systems is considered in a broad historical perspective, extending from prehistoric times to the present day. The hypothesis of maximum entropy production…
Are some cosmologists trying to return human beings to the centre of the cosmos? In the view of some critics, the so-called "anthropic principle" is a desperate attempt to salvage a scrap of dignity for our species after a few centuries of…
Economists have predicted that damages from global warming will be as low as 2.1% of global economic production for a 3$^\circ$C rise in global average surface temperature, and 7.9% for a 6$^\circ$C rise. Such relatively trivial estimates…
In the given work the first attempt to generalize quantum uncertainty relation on macro objects is made. Business company as one of economical process participants was chosen by the authors for this purpose. The analogies between quantum…
In the General Theory, Keynes remarked that the economy's state depends on expectations, and that these expectations can be subject to sudden swings. In this work, we develop a multiple equilibria behavioural business cycle model that can…
Scientific realism is, currently, one of the most well-entrenched background assumptions of some relevant versions of anti-exceptionalism about logic. We argue that this is a sort of sociological contingency rather than a metaphilosophical…
Modern science increasingly relies on ever-growing observational datasets and automated inference pipelines, under the implicit belief that accumulating more data makes scientific conclusions more reliable. Here we show that this belief can…
Many see modern science as having serious defects, intellectual, social, moral. Few see this as having anything to do with the philosophy of science. I argue that many diverse ills of modern science are a consequence of the fact that the…
This letter raises the possibility that ergodicity concerns might have some bearing on the signal-to-noise paradox. This is explored by applying the ergodic theorem to the theory behind ensemble weather forecasting and the ensemble mean.…
Any system based on axioms is incomplete because the axioms cannot be proven from the system, just believed. But one system can be less-incomplete than other. Neutrosophy is less-incomplete than many other systems because it contains them.…
It appears paradoxical that science is producing outstanding new results and theories at a rapid rate at the same time that researchers are identifying serious problems in the practice of science that cause many reports to be irreproducible…
There are clear benefits associated with a particular consumer choice for many current markets. For example, as we consider here, some products might carry environmental or `green' benefits. Some consumers might value these benefits while…
It is still common wisdom amongst economists, politicians and lay people that economic growth is a necessity of our social systems, at least to avoid distributional conflicts. This paper challenges such belief moving from a purely physical…
Counterfactual explanations (CEs) are advocated as being ideally suited to providing algorithmic recourse for subjects affected by the predictions of machine learning models. While CEs can be beneficial to affected individuals, recent work…