STW Thesaurus for Economics (reference)

Preferred term

Ergodicity

Type

  • Descriptor

Broader concept

Related concepts

Scope note

  • In general terms, with reference to dynamic systems, it stands for the property of reaching all physically possible states during the temporal development of the system; ergodicity economics, as a special application form, examines under which conditions agents with similar qualifications - contrary to classical competitive situations - cooperate and minimize individual risk in the long term.

AltLabelRelated

  • Ergodic theory
  • Ergodicity economics

In other languages

German

URI

http://zbw.eu/stw/descriptor/30590-5

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