Ergodicity  

Ergodizität   (german)

also used for: Ergodicity economics, Ergodic theory

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.

Related Terms

• Dynamical system  

Subject Categories

• B.10 Operations research  
• N.09.02.05 Probability theory  
• N.09.05 Systems theory  

Persistent Identifier (for bookmarking and linking)

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