What is ergodicity?

Published by Anonymous (not verified) on Tue, 16/07/2019 - 9:19am in

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from Lars Syll Time to explain ergodicity … The difference between 100 people going to a casino and one person going to a casino 100 times, i.e. between (path dependent) and conventionally understood probability. The mistake has persisted in economics and psychology since age immemorial. Consider the following thought experiment. First case, one hundred persons […]