Markov is ergodic, but Markov only gives us the dots on our graph paper.
We, the market of agents are not ergodic, we cannot be as we are always positively out of equilibrium with those points on the graph. We are a closed, self sampling mass of people, so we are estimating likelhood as we trade, we do not know it apriori. Trading space is a conserved quantity, liquidity, in any given Markov state. Our ex ante knowledge of the congestion is random, bound, positive error.
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