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An example that may be useful to aid in understanding… Casinos are non ergodic. A million players each placing a single bet will have an expectation of losing
by diab0lic 2y ago
An example that may be useful to aid in understanding… Casinos are non ergodic.
A million players each placing a single bet will have an expectation of losing the house edge.
A single player placing a million bets has an expectation of $0.
The fact that the aggregate and the single entity Experience different expectations despite both placing a million bets is what makes this ergodic.
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- diab0lic 2y agoErrr that last sentence should end with “is what makes this non-ergodic.”