Reposted by dyrehaugen
New book: An Introduction to Ergodicity Economics
A new textbook by SFI External Professor Ole Peters and Alexander Adamou re-examines core assumptions in economic theory. It presents a formal challenge to expected-value thinking and shows how non-ergodicity can arise naturally in economic models.
santafe.edu
New book: Introduction to Ergodicity Economics
An Introduction to Ergodicity Economics is a new textbook that draws on physics to re-examine traditional economic theory. It begins with flipping a coin. And a hypothetical gambit. Imagine you were o...