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Randomness

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Fooled by Randomness

The reader can see my unusual notion of alternative accounting: $10 million earned through Russian roulette does not have the same value as $10 million earned through the diligent and artful practice of dentistry. They are the same, can buy the same goods, except that one’s dependence on randomness is greater than the other. Randomness

Fooled by Randomness

Tags:: Randomness Probability Luck Rationality Nassim Taleb

Ergodicity

Ergodicity is verified if, more or less, every time that you compute a statistical measurement (across space or time), you find the same result. It means that randomness is “well shared.” Another way to see it is that, when you have ergodicity, doing N random experiments in parallel will give you the same result as doing N experiments one after the other. Randomness

Randomness