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#151 - The following is with the debut Italian on this podcast, the one and only Luca Dellanna.

Luca is the extremely successful author of 9 books, and he writes these alongside his day job, as an independent consultant advising businesses across the world at the intersection of risk and behavioural psychology

This makes him the best communicator of the subject of todays conversation, which funnily enough is the very same title of most recent book... Ergodicity.

Time Stamps For Luca Dellanna

00:00 – Introduction
01:23 – What Is Ergodicity?
05:53 - Why Does Ergodicity Matter?
15:23 - Fat Tails & Power Laws
22:43 - Consultants & Skin In The Game
29:50 - Ole Peters & Ergodicity In Insurance
39:58 - The Perfect Example To Explain Ergodicity + My Attempt At Applying Ergodicity To Cricket
48:31 - Behavioural Change Is Non Ergodic
51:35 - Kelly Criterion In Nature + Survivorship Bias & Lindy
1:07:58 - The Influence Of Nassim Taleb
1:16:03 - Serendipity & Ergodicity

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Curious Things Mentioned During The Episode

169: Why Leaders Can’t Make Decisions