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Tagged with expected-utility soft-question
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Bernoulli, Ergodicity, Ole Peters
You may or may not be aware that there's a Simple English Wikipedia.
It's very helpful for those of us who know English, but are unable to parse complex sentences (for whatever reason).
I'm very ...
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What is the consensus (if any) on Peters "The ergodicity problem in economics" (2019)?
Peters (2019) made a splash criticizing the theory of expected utility on the grounds that it implicitly assumes ergodicity where this is unwarranted. He stated this applies widely in economics, to ...
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