Why is hard work a form of laziness? Why should we be wary of short-term success? How can imagining parallel worlds help us make better decisions? Author, management advisor, and researcher Luca Dellanna joins us to discuss these questions and more! Important Links: Luca’s Website Luca’s Twitter Show Notes: Ergodicity: survival is king Why sample size matters The two types of competitors Teaching by signaling The parallel worlds approach to decision-making Racing to the bottom Why working hard can be a form of laziness The three things managers should prioritize Why desiring change isn’t enough Fighting avoidance with actionable small steps “Mixed values produce mixed results” Thinking by writing What Luca has learned from living in multiple countries Luca as Emperor of the World MORE! Books Mentioned: Antifragile: Things that Gain from Disorder; by Nassim Nicholas Taleb What Works on Wall Street; by Jim O'Shaughnessy Ergodicity: Definition, Examples, And Implications, As Simple As Possible; by Luca Dellanna The Control Heuristic: The Nature of Human Behavior; by Luca Dellanna 100 Truths You Will Learn Too Late; by Luca Dellanna Tao Te Ching; by Lao Tzu

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.

Luca Dellanna, an accomplished author, shares his expertise on achieving long-term success through actionable strategies from his latest book. The conversation dives into how identifying and playing long-term games is key to success. Luca offers insights on using hypotheticals to align short-term actions with long-term goals. He also emphasizes the importance of effective communication and the balance between intuition and data in decision-making. With intriguing examples, he shows how expanding one’s network can enhance opportunities for success.

Luca Dellanna, a management advisor and author from Turin, Italy, discusses ergodicity, decision making, and autism. Topics include the concept of ergodicity, luck vs skill, risk management, diversification, decision making vs action taking, and the perception of the world for individuals with mild autism.

Luca Dellanna, an author known for his insights on long-term thinking and ergodicity, delves into compelling concepts like survival versus performance and its impact on success. He clarifies ergodicity, emphasizing practical applications over theory. The discussion highlights the importance of long-term strategies in risk management, likening it to understanding car brakes. Dellanna shares thoughts on sustainable investment strategies and the need for moderation in risk management, all while weaving in personal anecdotes and a lighthearted take on his recent trip to Australia.

Why do people eat too much even when they don't want to? Why are there so many bad managers? And why might anti-vaxxers be useful? Luca Dellanna, author of The Control Heuristic, thinks the answers to all of these questions are in our heads, or rather in our basal ganglia. Dellanna talks to EconTalk's Russ Roberts about why both brains and employees need immediate feedback, why we're wired to believe our best guesses, and why addiction is just our brain's way of making sure we survive.

Luca Dellanna, author and independent consultant, discusses the concept of ergodicity and its relevance in decision-making. Topics include fat tails and power laws, consultants lacking personal stakes, achieving big impacts with minimal risks, the power of compounding, collecting data, taking daily losses, and the role of serendipity in uncertain professions.

Join Harry Crane, a renowned Professor of Statistics at Rutgers University, and Luca Dellanna, author of 'Ergodicity,' as they explore the intricate dance of probability and statistics. They discuss the challenges of teaching these concepts effectively and the role of prediction markets in forecasting. Delve into the significance of base rates in investment strategies and discover the Kelly Criterion for optimal betting. The conversation also touches on cognitive biases and the interconnectedness of market behavior and political outcomes, offering valuable insights for decision-making.

Luca Dellanna, author of "Ergodicity" known for his deep insights on long-term decision-making, and Dylan O'Sullivan, a literary editor with a knack for existential storytelling, engage in a profound discussion. They explore balancing ambition with life's complex priorities and the impact of personal narratives. Luca shares how his cancer diagnosis reshaped his outlook on time, while Dylan emphasizes the significance of crafting meaningful stories. The conversation also highlights the value of deep connections over superficial ties, urging listeners to reflect on their choices in the context of mortality.

Luca Dellanna, a renowned author and management advisor, dives into the vital role of managerial quality in business. He contrasts management with sports coaching, highlighting the need for qualitative insights in leadership. The conversation also touches on outdated incentive systems using Southwest Airlines as a case study. Dellanna emphasizes the importance of core values and purpose in the workplace, advocating for real engagement between leaders and employees to enhance quality. This eye-opening discussion reshapes our understanding of management effectiveness.