#ergodiciity — Public Fediverse posts

@waltwooton @futurebird

One big and very recent development is the #ergodiciity theory in #economics. It throws things like the entire #behavioral economics to the bin and shows how rational the people actually are, confirmed experimentally. All of the taken out of the butt utility functions disappear. It's very satisfying to read.

The foundational paper:
https://www.nature.com/articles/s41567-019-0732-0

But again, it's #microeconomy, way less political area. I'm personally most familiar with the market microstructure field. If you wanted something not very political, try those keywords. It's most connected to the mathematical decision theory, the PvE version of game theory, which is PvP.

@waltwooton @futurebird

One big and very recent development is the #ergodiciity theory in #economics. It throws things like the entire #behavioral economics to the bin and shows how rational the people actually are, confirmed experimentally. All of the taken out of the butt utility functions disappear. It's very satisfying to read.

The foundational paper:
https://www.nature.com/articles/s41567-019-0732-0

But again, it's #microeconomy, way less political area. I'm personally most familiar with the market microstructure field. If you wanted something not very political, try those keywords. It's most connected to the mathematical decision theory, the PvE version of game theory, which is PvP.

@waltwooton @futurebird

One big and very recent development is the #ergodiciity theory in #economics. It throws things like the entire #behavioral economics to the bin and shows how rational the people actually are, confirmed experimentally. All of the taken out of the butt utility functions disappear. It's very satisfying to read.

The foundational paper:
https://www.nature.com/articles/s41567-019-0732-0

But again, it's #microeconomy, way less political area. I'm personally most familiar with the market microstructure field. If you wanted something not very political, try those keywords. It's most connected to the mathematical decision theory, the PvE version of game theory, which is PvP.

@waltwooton @futurebird

One big and very recent development is the #ergodiciity theory in #economics. It throws things like the entire #behavioral economics to the bin and shows how rational the people actually are, confirmed experimentally. All of the taken out of the butt utility functions disappear. It's very satisfying to read.

The foundational paper:
https://www.nature.com/articles/s41567-019-0732-0

But again, it's #microeconomy, way less political area. I'm personally most familiar with the market microstructure field. If you wanted something not very political, try those keywords. It's most connected to the mathematical decision theory, the PvE version of game theory, which is PvP.

@waltwooton @futurebird

One big and very recent development is the #ergodiciity theory in #economics. It throws things like the entire #behavioral economics to the bin and shows how rational the people actually are, confirmed experimentally. All of the taken out of the butt utility functions disappear. It's very satisfying to read.

The foundational paper:
https://www.nature.com/articles/s41567-019-0732-0

But again, it's #microeconomy, way less political area. I'm personally most familiar with the market microstructure field. If you wanted something not very political, try those keywords. It's most connected to the mathematical decision theory, the PvE version of game theory, which is PvP.