Episode · EconTalk · 2023-05-29
Russ Roberts & Luca Dellanna: books mentioned on EconTalk (May 2023)
Luca Dellanna on Risk, Ruin, and Ergodicity
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.
Russ Roberts discussed Ergodicity by Luca Dellanna. Luca Dellanna discussed Antifragile by Nassim Nicholas Taleb.
Books mentioned, in the order they came up
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Ergodicity
Ergodicity by Luca Dellanna is a concise guide examining the concepts of risk, ruin, and survival in decision-making.
Discussed“and if I would put the biggest lesson of this book into uh a single phrase it would be you only get the average if you're allowed to continue to play”
Where to get it
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Antifragile
Antifragile by Nassim Nicholas Taleb is a groundbreaking exploration of systems that not only withstand shocks and disorder but actually thrive and grow stronger when exposed to volatility, stress, and uncertainty.
Discussed“yes the bubble strategy uh is something that uh uh mentioned uh uh in uh one in antifagile his book antifagile and the idea is that you want to put to allocate part of your efforts or portfolio to Safe bets”
Where to get it
Other mentions in this episode (1) — ad reads, self-promotion and passing references, never counted
“our topic for today is his book ergadicity a word I suspect many of you listening have never heard of despite the strangeness of the title I think it's an incredibly interesting concept an incredibly important concept and a lovely book”