Reallocating Geometric Brownian Motion -- Yonatan Berman

An exploration of Reallocating Geometric Brownian Motion (RGBM), a model that has both ergodic and non-ergodic regimes and has been discovered several times independently by different research groups studying distributions of economic resources. Blog post about the LML project: https://ergodicityeconomics.com/2017/... Our academic paper (forthcoming in Journal of Income Distribution): https://papers.ssrn.com/sol3/papers.c... A. Sahasranaman and H. J. Jensen on data from India, mentioned at 12:30min: https://doi.org/10.1007/s41775-021-00... RGBM papers by difference groups, mentioned at 8:41min and 14:50min: X. Gabaix, J. M. Lasry, P. L. Lions and B. Moll https://doi.org/10.3982/ECTA13569 J. P. Bouchaud and M. Mézard https://doi.org/10.1016/S0378-4371(00... Z. Liu and R. A. Serota https://doi.org/10.1016/j.physa.2017.... M. Marsili, S. Maslov and Y. Zhang https://doi.org/10.1016/S0378-4371(98...