Ergodicity: How irreversible outcomes affect long-term performance in work, investing, relationships, sport, and beyond
(By Luca Dellanna)
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| Author | Luca Dellanna |
"To not spend time and money on books that you should not waste resources on, please first read this book. This is a great book for those who quickly want to familiarize themselves with the concept of ergodicity. The author goes to great lengths to explain the concept in easily understandable terms. He also offers several practical implications for navigating non-ergodic environments. Highly recommended!" – Auke Hunneman
The book has been featured on the EconTalk podcast
What is ergodicity, and why does it matter?
"The Most Important Property to Understand in Probability, in Life, in Anything." – Nassim Nicholas Taleb on ergodicity.
"I think the most underrated idea is ergodicity." – David Perell, author.
Is ergodicity the most important concept in decision-making and behavioral sciences? (Yes.)
Is it relevant for you in your daily life? (Yes.)
Is it possible to explain it so simply that a grandma or a high-schooler can understand it? (Yes.)
Even if they know nothing about maths? (Yes.)
That's because ergodicity is an essential idea with so many practical applications. Sadly, most books describe it in a very technical way, making it inaccessible to most people.
In this short book, 6-times author Luca Dellanna describes ergodicity as simply as possible. You will read stories about how not knowing about it destroyed his cousin’s career as a skier, or how misunderstanding it caused additional deaths during the pandemic. You will learn how to spot situations where ergodicity matters and the three strategies to react appropriately.
The book is approximately 169 pages long, of which 143 are pure content and the rest are tables of content, etc.
Who is this book for?
This book is for readers interested in growing themselves, their career, or their businesses and who want to learn about ergodicity and its practical applications without having to understand its mathematical foundation. No mathematical knowledge is required, only a high-school-level understanding of English.
Readers who want to master the theory and mathematical foundation of ergodicity are better off reading a more formal manuscript. This book is not a substitute for it but a complement.
About the author
Luca Dellanna is the author of 9 books. He is a researcher in complexity science and emergent behaviors, and an operational excellence consultant. He spoke at Nudgestock, appeared on EconTalk, and regularly teaches risk management at Genoa University.”
