What is ergodicity and why does it matter?
Nassim Nicholas Taleb defined it “The Most Important Property to Understand in Probability, in Life, in Anything,” and author David Perell said, “I think the most under-rated idea is ergodicity.”
That’s because ergodicity is an important 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, 7-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 in which ergodicity matters and the three strategies to react appropriately.
Who is this book for?
This book is for readers interested in growing themselves, their career, or their business, 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 7 books. He is a researcher in complexity science and emergent behaviors, and an operational excellence consultant. He spoke at Nudgestock and regularly teaches risk management in masters.
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