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Luca Dellanna on Risk, Ruin, and Ergodicity

EconTalk

NOTE

The Importance of Playing the Game: Lessons on Risk and Decision Making

The biggest lesson of this book is that you only get the average if you're allowed to continue to play./nTalib's advice is to avoid ruin while the speaker advises to avoid game over./nIf you can't play the game, you're not going to win./nThe importance of being allowed to play the game is an obvious but often forgotten point.

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