Ergodicity and Stationarity. Luck but Not for You

We are constantly making decisions under uncertainty where information is limited and the outcome of the decision is not granted. You don’t know if your startup investment will go to zero. You don’t know if a given health treatment will save your life. You don’t know if you will win a hand in poker. Luckily, statistics help us to manage uncertainty. Metrics such as mean, median, mode or…