Ergodicity
How irreversible outcomes affect long-term performance in work, investing, relationships, sport, and beyond
3rd edition (November 2022)
Some reviews
About the book
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.
What's inside
- What is ergodicity
and why it is so important in business, investing, sports,relationships, and life in general.
- The story of my cousin
and how a misunderstanding of ergodicity impacted his career as a professional skier.
- The gambler and the gamble,
a paradox that explains many professional mistakes.
- The best strategy depends on the time horizon:
the importance of not getting distracted by those with a different time horizon than yours.
- A definition of ergodicity
and a test to determine whether a situation is ergodic (and how much it is ergodic).
- Three strategies
to manage non-ergodicity.
- How to best optimize your life
under non-ergodic conditions (i.e., in the real world).
- Luck, skill,
and how to determine the importance of each in a given context.
- And much more…
Get the book
Featured on EconTalk and 15+ other podcasts
Thousands of copies sold all over the world
Also available as an audiobook!
They say about Luca
In the welcome email, you will find:
- ✔ A guide on how to bring clarity to your teams
- ✔ A 33% discount code for my book "Best Practices For Operational Excellence"
- ✔ An archive of my top Twitter threads, including the ones market with a ⭐️ that are my favorite
- ✔ A digital copy of my book "The Employee Engagement Handbook," with plenty of concrete advice to increase talent retention and commitment
Part of my portfolio / trusted by leaders at
Read an excerpt
Here is an excerpt from the book. If you like it, you can buy the book from Amazon or my store.
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Get the book
Featured on EconTalk and 15+ other podcasts
Thousands of copies sold all over the world
Also available as an audiobook!