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Thanks for posting. I had read Antifragile in parts but I had never heard of Ergodicity. But it's a great technical term to understand! I looked online and fou

• sn41 6y ago
  Ergodic theorist (occasional) here. Ergodic theory is basically studying situations in which the time average of (almost every) trajectory equals the space average of the system. This is a widely studied area in dynamical systems. I am squeamish about such popular accounts. An old account which is readable even today, is by Birkhoff [1]. About Kelly-Bernoulli criterion, the readable account is the book [2]. [1] https://doi.org/10.1080/00029890.1942.11991212 https://doi.org/10.1080/00029890.1942.11991212 [2] "Fortune's Formula" by William Poundstone. https://archive.org/details/fortunesformulau00poun https://archive.org/details/fortunesformulau00poun
• ReflectedImage 6y ago
  Calling it Ergodicity Economics is a bit confusing. Existing economics is ergodicity. Ole Peters is claiming that the ergodicity assumption in economics is false. His corrected version of economics should be called Non-Ergodicity Economics.
• hfkgktkrlfk 6y ago
  Taleb did write about ergodicity: > A central chapter that crystallizes all my work. Time to explain ergodicity, ruin and (again) rationality https://medium.com/incerto/the-logic-of-risk-taking-107bf41029d3 https://medium.com/incerto/the-logic-of-risk-taking-107bf410...
  • tomjakubowski 6y ago
    n.b.: Taleb in this chapter cites Ole Peters, who is the author of the featured article.