6min chapter

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Ergodicity — Ole Peters

The Joe Walker Podcast

CHAPTER

Theoretical Definitions of Egodic Processes

Egodicity is a fancy term for the idea that history doesn't matter. The word has been used to refer to an agodic process, which does not vary with time or experience. John K s says it's unclear what egodicity actually means and whether Samuelson really believes in it when he discusses it. He suggests there are more rigorous definitions of the concept.

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