Why has ergodicity become a hot topic lately?
Conversation
I’m seeing a broader buzz, beyond our local neighborhood, mostly around criticism of macroeconomics
2
2
Show replies
Replying to
May be partly linked to a recently published essay by Ole Peters in Nature Physics. nature.com/articles/s4156
1
1
14
Show replies
Replying to
This article seemed to be the start of a renewed excitement in August aeon.co/ideas/how-ergo
1
2
Replying to
It's been popping up in Taleb's twitter circles a lot. Kind of overlaps a little with Taylor's.
5
Replying to
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.
Replying to
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.
1
2
Replying to
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).
1
3









