Ergodicity economics

Human behavior through the lens of time and chance

Apps

Interactive apps used in blog posts.

  • Coin toss: scan number of players Used in: The infamous coin toss
  • Coin toss: scan number of rounds Used in: The infamous coin toss; For to withhold is to perish
  • Cooperating coin toss Used in: For to withhold is to perish
  • Simple insurance model Used in: Insurance as an ergodicity problem
  • Utility losers Used in: Expected utility maximizers don't maximize utility
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