Third contribution to the ergodic/nonergodic critique: Reply to Davidson, part 2

Roderick O'Donnell

Journal of Post Keynesian Economics, 2016, vol. 39, issue 2, 145-171

Abstract: This second part of my reply to Davidson (2015) discusses mathematical and statistical matters using a simple model of ergodicity whose properties do not match many of those asserted by ENE. It responds to Davidson's counterarguments against pre-infinity indeterminacy, examines the works of Billingsley, Uffink, and Malinvaud as cited by Davidson, and then turns to important methodological issues. As in Part 1 of my reply, Davidson's rejoinder helps make the critique stronger, deeper, and more relevant.

Date: 2016
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DOI: 10.1080/01603477.2016.1169431

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