Hacker News new | ask | show | jobs
by diab0lic 615 days ago
An example that may be useful to aid in understanding… Casinos are non ergodic.

A million players each placing a single bet will have an expectation of losing the house edge.

A single player placing a million bets has an expectation of $0.

The fact that the aggregate and the single entity Experience different expectations despite both placing a million bets is what makes this ergodic.

1 comments

Errr that last sentence should end with “is what makes this non-ergodic.”