2min chapter

The Joe Walker Podcast cover image

Ergodicity — Ole Peters

The Joe Walker Podcast

CHAPTER

Utility Theory

If you're very wealthy, and your income mostly derives from investments, then your wealth dynamic is mostly multiplicate. So it may be better described as something adjactive where at the end of every month you get some amount of money that may vary dependon whether youare a good month or a bad month. Er, poukno, your costs may fluctuate a bit, but it its something where a a multiplicatie element is is very important. By considering those sorts of circumstances, we can inform the kind of dynamic that we feel is a reasonable model for for, you know, your r your wealth, essentially. And that then allows us to answer er puzzles like like the

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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