AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#054 - The Bed of Procrustes: Nassim Taleb (Incerto Series)
rational vc
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.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode