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RT @JohnQuiggin: I've just run across ergodicity economics, which seems to be, at least in part, a reinvention of rank-dependent utility th…
RT @JohnQuiggin: I've just run across ergodicity economics, which seems to be, at least in part, a reinvention of rank-dependent utility th…
I've just run across ergodicity economics, which seems to be, at least in part, a reinvention of rank-dependent utility theory. This happens a lot, because the RDU model can be reached from many different directions