At last: the first-ever textbook on ergodicity economics

Created
Mon, 22/09/2025 - 21:38
Updated
Mon, 22/09/2025 - 21:38
Over the years, some of us have tried to teach our economics doctoral students a bit about the importance of questioning the common ergodicity assumption. This assumption, often left unstated, underpins most mainstream economic models concerning preferences and expected utility. One of the problems has been the lack of an accessible textbook on ergodicity economics. […]

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