Concept information
Preferred term
Ergodicity
Type
-
Descriptor
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.
In other languages
-
German
URI
http://zbw.eu/stw/descriptor/30590-5
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