Ergodicity Economics company blog

The infamous coin toss

In 2011 I gave a 15-minute talk to a lay audience in London. The topic I had chosen was ergodicity breaking, and the challenge was clear: how do you get this across? I invented a coin-toss gamble, which has since become a go-to illustration of ergodicity break
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Math & AlgorithmsSociety, Policy & Culture2023

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Aug 2, 2023The infamous coin toss by beefman206245

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