
Dr. Mark Kirstein
Academic Editor at Wirtschaftsdienst Zeitschrift
Independent Researcher at Freelance
#ErgodicityEconomics #Geoeconomics Scientific Editor @Zeitschrift_WD OwnViewsHere @ysi_commons prvsly @mpiMathSci @ifso_due @LdnMathLab
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RT @BevansAdvocate: Updated for economists https://t.co/I4ENVLS1lJ

Next thought : the decision under certainty Obviously the 'expected' causes the unintuitive result, how about if you seek to maximise utility, what do you actually maximise? Does it look like #EE, i.e. a time average, or more like traditional util theory/decision under certainty?

Today I spent some time thinking about #ErgodicityEconomics. just happy to put an insight into a concise form: If homo oeconomicus maximises exp. utility (or wealth), she with probability 1 does not maximise terminal utility (or wealth). Don't believe me? Try it out!

Today I spent some time thinking about #ErgodicityEconomics. just happy to put an insight into a concise form: If homo oeconomicus maximises exp. utility (or wealth), she with probability 1 does not maximise terminal utility (or wealth). Don't believe me? Try it out!