A Simple Proof of Ergodic Theorem for Recursive Decision
Keywords:
Machine learning, Volatility, Pairs Trading, Clustering Algorithms, cryptocurrencies market, cointegration, algorithmic trading, trading strategies, market efficiency., managerial overconfidence, cash holdings, internal control JEL: G30; G40, management, leadership, different, Similar, Complementary, Recursive Decision, Ergodicty, Complex Dynamics, Stationary Equilibria.Abstract
This paper show that rational choice on recursive decision under measure preserving transformation can lead to asymptotic behavior in a stationary environment, and providing sufficient conditions for recursive decision systems to possess ergodic properties from its stationary mean.
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