Choices

Making choices under ergodicity

This is currently a nice demonstration of ergodicity.

There are 100 agents all playing a positive sum game, however the entry price can wipe them out, so even though they should win on average, most of them lose over time.

This result violates Homo Economicus expectations, but that is only because those classical models do not consider ergodicity. See: https://www.nature.com/articles/s41598-022-07613-6