STW Thesaurus for Economics (reference)

Anbefalt term

Ergodicity

Descriptor

Dynamical system

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.

Ergodic theory
Ergodicity economics

tysk

Ergodizität

URI

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

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