"I'm simply making the point that expected utility does not require ergodicity." Okay well that point is wrong, as in very wrong. Ergodicity can be directly d

"I'm simply making the point that expected utility does not require ergodicity." Okay well that point is wrong, as in very wrong. Ergodicity can be directly defined as it is valid to take the Expected Value. That's just what Ergodicity means. Expected Utility is defined on top of Expected Value. So Expected Utility assumes Ergodicity.