Luca Dellanna on Risk, Ruin, and Ergodicity
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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.
Luca Dellanna on Risk, Ruin, and Ergodicity