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Ergodicity

Tags:: Ergodicity Second-order Consequences Risk Time Average

Ergodicity

We cannot rely on averages whenever there is a possibility for irreversible damage . This is because the possibility of irreversible damage makes a context non-ergodic. Average Ergodicity

Ergodicity

When losses are irreversible, or when losses preclude future gains, do not decide based on averages. Average Ergodicity

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