Ergodicity in marketing #125 Bill Veeck
“To give one can of beer to a thousand people is not as much fun as to give 1,000 cans of beer to one guy. Give a thousand people a beer and each of them will drink it. Give 1,000 cans to one guy, and 50,000 people might talk about it.”
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I’m having a hard time understanding what ergodicity is. Tried to google it, but with not much success. Can you put it into a few simple sentences perhaps?
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Rorys explanation was pretty simple and funny. Here is an illustration I have used
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Don’t confuse time average to space average.Aka Ergodicity
Don't let numbers without context fool you
#TalebForKids #Models (11/12)
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