Ergodicity — an intuitive introduction Ergodicity is a difficult concept that many students of econom(etr)ics have problems with understanding. Trying to explain it, you often find yourself getting lost in mathematical-statistical subtleties difficult for most students to grasp. In the video below, Luca Dellanna has made an admirably simplified and pedagogical exposition of what it means for probability structures of stationary processes and ensembles to be ergodic. [embedded content]
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Lars Pålsson Syll considers the following as important: Statistics & Econometrics
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Ergodicity — an intuitive introduction
Ergodicity is a difficult concept that many students of econom(etr)ics have problems with understanding. Trying to explain it, you often find yourself getting lost in mathematical-statistical subtleties difficult for most students to grasp.
In the video below, Luca Dellanna has made an admirably simplified and pedagogical exposition of what it means for probability structures of stationary processes and ensembles to be ergodic.