Ergodicity Simply Explained (Nassim Taleb's Favourite Concept)

The Incerto & Nassim Taleb Podcast

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Perhaps I am reaching beyond my grasp, but here is ergodicity simply explained.

In the most basic terms I can manage. An ergodic scenario, whose phenomenon extracted would then be explained as ergodicity – is when the average outcome of a group is the same as the average outcome of an individual, over time.

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