Farmer’s fable (ergodicity economics)

sharing is actually maximizing profit https://www.farmersfable.org/ a cartoon that show how sharing to reduce fluctuation leave both parties better off (on a random walk)

Screenshot 2020-02-13 at 15.44.36

 

Homo Ergodicus https://glandfried.github.io/post/homoergodicus/

“Multiplicative process offers a concrete physical advantage in favor of cooperative behavior”

Also, Warren Buffet’s 3 rules in light of ergodicity  (St. Peterburg’s Paradox explained) https://sinaas.blogspot.com/2020/02/warren-buffetts-rules-nr-12-and-3-in.html

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