Working Notes: a commonplace notebook for recording & exploring ideas.
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Ergodicity

• Recommended by [[Kent Beck]]
• Several good ideas in this book that address a large part of the unease I feel while investing/betting based on the expected value: Eg. even though the average expected outcome may be maximized by going all in into the stock market in a single go, I will only have a single shot at it. Or why spreading out the investment makes more intuitive sense to me.
• From [[Piyush]]:
  • St Peter’s paradox
  • Risk aversion != irrational

— Kunal