Mark Kirstein receives DAAD PRIME PostDoc Fellowship 2018/2019

Mark Kirstein (PhD candidate at the Chair of Managerial Economics) receives as the only economist in 2018/2019 a DAAD PRIME PostDoc fellowship. His project on The Time Resolution of the Probability Weighting Puzzle starts on 1st August 2019 and directly continues where his recently submitted PhD thesis on The Ergodicity Problem in Economics left off. His research deals with uncertainty and the role of time in economic processes. New is the investigation of the phenomenon of ergodicity, i.e. how economic quantities and empirical behaviour which evolve over time can be described consistently. "The ergodicity problem is foundational but received too little attention in economics, which leads to false predictions", explains the researcher. "The study of the ergodicity of economic observables is a new idea that slowly, but surely gains acceptance."

The DAAD PRIME fellowship combines a PostDoc position at a German host university for the whole fellowship period of 18 months with a research stay abroad of 12 months for a few selected young researchers. During the phase abroad Mark Kirstein will carry out research as a Fellow of the London Mathematical Laboratory (LML) in a group which is specialised on ergodicity. "I am extremely excited to continue my research with such renowned institutions and the absolute experts in the field", says Kirstein who in 2017 already received the Young Investigator Award in Plural Economics. The new theories developed at LML are the topic of the just published science thriller GIER of the famous author Marc Elsberg (FAZ Interview). The German hosts and partners are Prof. Max-Konstantin von Renesse's group at the Institute of Mathematics at Leipzig University and Prof. Jürgen Jost's Mathematics of Complex Systems group at the Max-Planck-Institut for Mathematics in the Sciences.

Contact: 
Faculty of Business and Economics
Chair of Economics, esp. Managerial Economics
Mark Kirstein