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Fooled by Randomness: The Hidden Role of Chance in Life and in the Marketsby Nassim Nicholas Taleb
Synopses & Reviews
“[Taleb is] Wall Street’s principal dissident. . . . [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.”
–Malcolm Gladwell, The New Yorker
Finally in paperback, the word-of-mouth sensation that will change the way you think about the markets and the world.This book is about luck: more precisely how we perceive luck in our personal and professional experiences.
Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of business–Fooled by Randomness is an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.
From the Trade Paperback edition.
The author of The Black Swan argues that randomness and probability have a profound influence on human life, as well as the consistent inability of humans to recognize that role, and explains how to differentiate between randomness in general and the financial markets in particular. 15,000 first printing.
Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling
About the Author
\Nassim Nicholas Taleb is the author of The Black Swan. He has devoted his life to immersing himself in problems of luck, uncertainty, probability, and knowledge. Part literary essayist, part empiricist, part researcher, part no-nonsense businessman, he spent eighteen years as a mathematical trader, and was the Dean’s Professor in the Sciences of Uncertainty at the University of Massachusetts at Amherst. Taleb lives mostly in New York.
Table of Contents
pt. III. Wax in my ears : living with randomitis — I am not so intelligent — Wittgenstein's ruler — The Odyssean mute command — 12. Gamblers' ticks and pigeons in a box — Taxi-cab English and causality — The Skinner pigeon experiment — Philostratus redux — 13. Carneades comes to Rome : on probability and skepticism — Carneades comes to Rome — Probability, the child of skepticism — Monsieur de Norpois' opinions — Path dependence of beliefs — Computing instead of thinking — From funeral to funeral — 14. Bacchus abandons Antony — Notes on Jackie O.'s funeral — Randomness and personal elegance — Epilogue. Solon told you so — Beware the London traffic jams — Postscript. Three afterthoughts in the shower — First thought : the inverse skills problem — Second though : on some additional benefits of randomness — Uncertainty and happiness — The scrambling of messages — Third thought : standing on one leg — Acknowledgments for the first edition — A trip to the library : notes and reading recommendations — Notes — References — Index.
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