URL details: lambdaclass.com/finance_playground/ergodicity_explorations
URL title:
Ergodicity Explorations
URL description:
When considering gambles, defined as a set of payouts associated with a probability distribution, intuition would suggest that we should calculate the expected value, understood as taking the average after many (tending to infinity) realizations, and only enter such a gamble if this number is positive.
URL last crawled:
2022-05-24
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