Ergodicity

Updated: Jan 04, 2020 by Pradeep Gowda.

Lecture notes – Ergodicity Economics

These notes are our attempt to re-develop economic theory from scratch, namely starting with the axiom that individuals optimize what happens to them over time, not what happens to them on average in a collection of parallel worlds. The latter, surprisingly, is the starting point of the currently dominant form of economic theory. – Ole Peters