followed by
"An alternative solution that we came up with is now known as #ergodicity economics. And here are some of the people—Murray Gell-Mann is one of them—who have been working on this paradigm. And it really starts by going back a long time. Looking at what Boltzmann said in the 1870s in […]
Differentiating Ergodicity of von Neumann-Birkhoff and Gibbs-Boltzmann is now resolved
Ergodicity detection algorithms
arxiv.org/html/2508.08...
Code:
github.com/msuzen/resea...
#statisticalmechanics #boltzmann #gibbs #ergodicity
cc @stevenstrogatz.com @stephenwolfram.bsky.social
Every Time, Man: The Statistical Physicist's Nightmare
Every Time, Man: The Statistical Physicist's Nightmare
#Statisticalphysics #Ergodicity #Physicshumor #Thermodynamics #Statisticalmechanics
sciencehumor.io/physics-memes/every-time...
This is a cool counter-intuitive stochastic idea: If you run a coin toss (60% profit for heads and a 40% loss for tails) with 1 million people, you'll get the opposite result than running a coin toss with one person but 1 million times.
www.youtube.com/watch?v=CCLt...
#Ergodicity #Randomness #Math
Knight, #Keynes and #Hayek rejected the assumption of #ergodicity for the economy as too simplistic and plainly wrong.
Exploring #ergodicity:
- Ergodic systems essentially allow you to convert time into a space equivalent
- Life is non-ergodic
- Classical econ theory rests on poor ergodic assumptions
- Don't flip coins with $ on the line, even with good odds 💸
neurabites.com/ergodicity/
