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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

• Russ Roberts #150
• Scott Patterson – Chaos Kings
• Nassim Taleb & Incerto Podcast