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Luca no background

Hi! I’m Luca. How can I help?
Email me. I reply within 24h.

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Traditionally, ergodicity is defined as a binary property. This definition, useful in theoretical matters, is useless for decision-making in the real world, as almost all real-world processes are non-ergodic.

Here, I introduce the concept of ergodicity as a non-binary property and suggest a few real-world applications.

Note: I discuss this topic in greater detail and in a less-technical manner in my book, “Ergodicity: how irreversible outcomes affect long-term performance in work, investing, relationships, sport, and beyond, 3rd edition” (ebookpaperbackhardcover).

 

Ergodicity as a non-binary property

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