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Philosophy Communism Between the no longer and the not yet. Thursday, March 1, 2012. What is the ergodic assumption? What is the ergodic assumption. And why is it important for understanding finance and economics? In order to make statistically reliable estimates about future outcomes the decision makers must be able to draw a sample from the future and then calculate the probability of the outcomes. This is impossible. So what do mainstream economists do when confronted with this impossibility? The bl.CONTENT
This web page futurematt.blogspot.com states the following, "Philosophy Communism Between the no longer and the not yet." We saw that the webpage said " Thursday, March 1, 2012." It also said " What is the ergodic assumption? What is the ergodic assumption. And why is it important for understanding finance and economics? In order to make statistically reliable estimates about future outcomes the decision makers must be able to draw a sample from the future and then calculate the probability of the outcomes. So what do mainstream economists do when confronted with this impossibility? The bl."