5/ So efficiency for method A, at scale n, and time t is E(A, n, t). It is a function of time on its own learning curve only. Assume no cross-learning.
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16/ Throwing in some links that inspired this line of thinking. First
@TaylorPearsonMe Big Little Idea Called Ergodicityhttps://taylorpearson.me/ergodicity/Show this thread -
17/ Ole Peters 2019 Nature article which seems to have caused this current surge of interest, "The ergodicity problem in economics" https://www.nature.com/articles/s41567-019-0732-0 …
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Wright Meets Markowitz, via
@mengwong http://research.economics.unsw.edu.au/vpanchenko/papers/WriteMeetsMarkowitz.pdf …Show this thread -
Founder effect: non-ergodicity in nature https://en.wikipedia.org/wiki/Founder_effect …
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... this is the *simplest* version?!!!
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well the simplest version is actually russian roulette or the kind of casino example Taleb uses (and is in taylor pearson's article). This is the simplest "real world" macro example I could make up
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