# Unconditional versus conditional Welfare measure **URL:** \ **Category:** General DSGE Modeling\ **Created:** [22 September 2018 13:26 UTC](https://forum.dynare.org/t/unconditional-versus-conditional-welfare-measure/12467 "2018-09-22T13:26:04Z")\ **Posts on this page:** 1\ **Showing post:** 8
**Author:** ![HelloDynare](https://forum.dynare.org/user_avatar/forum.dynare.org/hellodynare/32/12107_2.png) [@HelloDynare](https://forum.dynare.org/u/HelloDynare)\ **Post date:** [10 October 2021 07:00 UTC](https://forum.dynare.org/t/unconditional-versus-conditional-welfare-measure/12467/8 "2021-10-10T07:00:08Z")
Hi @dypisgood In my humble opinion, no. Deterministic Steady State: when we want to compute the conditional welfare, usually we start/perturb the economy from this type of steady state. At the steady state, there are _no shocks_. Risky Steady State: despite _no shocks_, the agent _observes the distribution_ of the shocks that may hit the economy in future, e.g. standard deviation \sigma. In this context, we simulate long sequences of endogenous variables at a higher order to see they will converge to the risky steady state or the stochastic steady state. Ergodic/unconditional mean: We get this value by simulating the economy _with shocks_ after a long-run period to compute the unconditional welfare. --- _[View the full topic](https://forum.dynare.org/t/unconditional-versus-conditional-welfare-measure/12467)._