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...