Portfolio analogy for path dependence

Eric Weinstein joins Bob Murphy to discuss his work with Pia Malaney on a more economically relevant differential operator, which has important implications for cost-of-living adjustments. Eric Weinstein has a PhD in mathematics from Harvard University, and among other academic appointments was a Research Associate in the Harvard economics department from 1998 - 2001, where he co-founded the Science and Engineering Workforce Project (SEWP) with Richard Freeman, housed at the NBER and funded by the Sloan Foundation.

Related: - https://video-archive.fields.utoronto.ca/view/1838 - https://video-archive.fields.utoronto.ca/view/1837 - https://www.youtube.com/watch?v=fmDWCQs1bGI - https://www.youtube.com/watch?v=NgfMK8nhTyo - https://www.youtube.com/watch?v=HRrsfRaXzhE - https://www.amazon.com/Physics-Wall-Street-Predicting-Unpredictable/dp/0547317271

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