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Luca Dellanna on Risk, Ruin, and Ergodicity

EconTalk

CHAPTER

The Risk of Success

This chapter analyzes the relationship between risk-taking, injury, and career longevity through the lens of a professional skier's experiences. It discusses how survivorship bias affects the perception of success and the importance of avoiding irreversible risks in both career and life decisions. The chapter uses the analogy of Russian Roulette to illustrate the complexities of risk and the necessity of strategic consideration over the long term.

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