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Luca Dellanna on Risk, Ruin, and Ergodicity

EconTalk

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Understanding Ergodicity and Non-Ergodicity in Processes

The podcast discusses the concept of ergodicity and non ergodicity./nThe author shows a wise and thoughtful strategy by not defining the term ergodic or using it until later in the book./nErgodic processes refer to activities where the outcome of an activity done many times by one person corresponds to the outcome of the activity done once by many people.

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