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Thank you for the insightful comment! Nature physics is a reputable journal for physics, but it seems to struggle finding good reviewers for economics topics. It's unclear why they would even accept economics papers.

Some thoughts on this: Peters has published with Gell-Mann, so physicists might be unreasonably impressed. My feeling based on interacting with theoretical physicists at university is that there is a good portion of them who have little knowledge about and interest in other quantitative disciplines. They sometimes have a tendency to like to feel superior to "less rigorous" disciplines, so it's not unlikely that the particular reviewers were attracted to this?

Peters probably submits his papers to all kinds of journals, and probably very similar papers many times over. His more recent papers are kind of mono-thematic. The maths is not actually incorrect and easy to check, so once in a while they might get through the review process. Maybe that's the "ergodicity approach to publishing"?



> once in a while they might get through the review process

He talks about a paper that has been "rejected by 14 economics journals, if I've counted correctly, for questioning the ergodic hypothesis."

I've not looked at that paper. I don't know how bad it is. But I suspect that "questioning the ergodic hypothesis" may not be the only reason.

https://twitter.com/ole_b_peters/status/1294216181159796736


Thanks for explaining, and after reflection I must apologize for implying Nature Physics was disreputable. I understand it is not a mainstream economics or finance journal, so the domain of papers it reviews and accepts will be different. I also believe Peters is well-regarded in whatever is his area of expertise, but this doesn't appear to be economics.


The paper mathematically disproves Prospect theory, which won a nobel prize. It belongs in Nature.




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