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#054 - The Bed of Procrustes: Nassim Taleb (Incerto Series)

rational vc

CHAPTER

Understanding Small Bets and Ergodicity in Rational Thinking

This chapter explores the concepts of small bets and ergodicity in relation to rational decision-making and the avoidance of systemic ruin. Through examples and comparisons, it highlights the importance of survival and thriving in complex systems as a framework for understanding risk management.

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