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Ergodicity — Ole Peters

The Joe Walker Podcast

CHAPTER

Is Geometric Growth Maximiation the Same as Logarhithmic Utility Maximization?

Economic theory doesn't really have a good way of including the situation in in its models, because it's all overridden by by psychology. You know that some people are just by nature more risk averse than others. And systematicallyi, i, i believe that. I don't know it, but it's my intuition would say that that's, that, that's er er true.

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