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20min chapter
Luca Dellanna | Ergodicity & It's Role In Taleb's Incerto
The Incerto Podcast
Ergodicity and its Relevance in Daily Decision Making
This chapter explains the concept of ergodicity and its importance in determining the outcomes of repeated actions. It provides examples of how considering different time horizons can affect decision making, such as the trade-off between short-term gains and long-term sustainability. The chapter also discusses the impact of ergodicity in various domains, including investing, gambling, bodybuilding, and achieving financial success.
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highlights
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