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I’m seeing a broader buzz, beyond our local neighborhood, mostly around criticism of macroeconomics
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It's been popping up in Taleb's twitter circles a lot. Kind of overlaps a little with Taylor's.
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Because it keeps coming back
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Big dala/ML related? Theme of the next decade will most likely be Man vs Machine(AI/China) themed. Ergodicity to me is about the uniqueness of the individual and what is lost when blobbing things together in the effort to simplify the world.
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May be partly linked to a recently published essay by Ole Peters in Nature Physics. https://www.nature.com/articles/s41567-019-0732-0 …
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That is what finally got me to look into the idea more seriously.
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Because someone picked on it to explain why economists are misguided in their insistance that the world is made of perfectly spherical economic agents in a vacuum.
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Statistical mechanics may well be ergodic. The economy, not so much.
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1. It is interesting - its application leads to counterintuitive results. 2. It has been amplified and given imprimatur by haters of academic economics (Taleb, Rory Sutherland) based on its contrarian flair (actual or supposed debunking of basic economic assumptions and methods).
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3. It is marketed / meme-packaged as a compact, high-yield disruptor. A kind of „just add water and throw it at economists + see what happens“ appeal. 4. Intermediate meme traffickers catch on to promise of high-elegance, easy proof, high potency + so they stake out their claims.
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