# Ergodicity

- Page: https://shared.btbytes.com/p/ergodicity
- Date: 2020-01-04

[Lecture notes – Ergodicity
Economics](https://ergodicityeconomics.com/lecture-notes/)

> These notes are our attempt to re-develop economic theory from scratch,
namely starting with the axiom that individuals optimize what happens
to them over time, not what happens to them on average in a collection
of parallel worlds. The latter, surprisingly, is the starting point of
the currently dominant form of economic theory. -- Ole Peters

[Everything We’ve Learned About Modern Economic Theory Is Wrong - Bloomberg](https://www.bloomberg.com/news/articles/2020-12-11/everything-we-ve-learned-about-modern-economic-theory-is-wrong) article -- Dec 11, 2020.

[(1) How you will go bust on a favorable bet. (Kelly/Shannon/Thorp) - YouTube](https://www.youtube.com/watch?v=91IOwS0gf3g&feature=emb_logo) -- Taleb's video about the