The right thing to do is often obvious it's just hard to remember what it is. Getting other people to be as focused as you think they ought to be is not automatic, he says. "I'm very focused on a few things here in my current job. I think about them every day"
Author and consultant Luca Dellanna talks with EconTalk host Russ Roberts about the importance of avoiding ruin when facing risk. Along the way Dellanna makes understandable the arcane concept of ergodicity and shows the importance of avoiding ruin in every day life.