Not exactly. The best way to understand the Peters paper, for me is to write some code and run it a few times. I have seen the “oh s##t” look on the face of at least one mathematician. My take (and some code) are here.
But yes, Risk Bushido is related to ergodicity economics in the following way: if you accept that our world is not ergodic, you will make choices that will look like risk-averse to someone maximizing expected payoff. This is Bushido: live to fight another day. It’s finance as Sun Tzu would do it: “never attack if you are not sure of winning”. Commanders that risk losing the army are bound, in the long run, to lose it… and then there is no coming back.
Moving this discussion to its own topic.