Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

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Random House Publishing Group, Oct 14, 2008 - Business & Economics - 316 pages
41 Reviews
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, and The Bed of Procrustes.

“[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.
  

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Interesting read

User Review  - PG - Flipkart

Very interesting thought process which has gone into the writing of this book. Must read for all businessmen. Read full review

SMART

User Review  - Debolina Das - Flipkart

"There are no underlying truths. The only truth is that whether you have a brain and it works!" Taleb made the best effort to prove the above statement by picking up loads of examples related to ... Read full review

Contents

SOLONS WARNING
1
TWO A BIZARRE ACCOUNTING METHOD
22
Th??? A MATHEMATICAL MEDITATION
43
RANDOMNESS NONSENSE
70
SURVIVAL OF THE LEAST FITCAN EVOLUTION
79
JOHN THE HIGHYIELD TRADER
86
NAIVE EVOLUTIONARY THEORIE5
94
Six SKEWNESS AND ASYMMETRY
97
WHEN IT RAINS IT DOURS
180
SOME ARCHITECTURAL
183
WHERE IS NAPOLEON WHEN
190
WHY WE DONT MARRY THE FIRST DATE
197
RROBABILITIES AND THE MEDIA
210
AM NOT SO INTELLIGENT
222
ON PROBABILITY
234
Fourteen BACCHUS ABANDONS ANTONY
245

8118? THE PROBLEM OF INDUCTION
116
IT DEDENDS ON THE NUMBER OF MONKEYS
136
Ntllé ITIS EASIER TO BUY AND SELL
149
LOSER TAKES ALLON THE NONLINEARITIES
172
POSISCYIPI THREE AFTERTHOUGHTS IN
252
Acknowledgments for the First Edition
263
07
309
Copyright

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About the author (2008)

Nassim Nicholas Taleb has devoted his life to problems of uncertainty, probability, and knowledge. He spent nearly two decades as a businessman and quantitative trader before becoming a full-time philosophical essayist and academic researcher in 2006. Although he spends most of his time in the intense seclusion of his study, or as a flâneur meditating in cafés, he is currently Distinguished Professor of Risk Engineering at New York University’s Polytechnic Institute. His main subject matter is “decision making under opacity”—that is, a map and a protocol on how we should live in a world we don’t understand.
 
Taleb’s books have been published in thirty-three languages.


From the Hardcover edition.

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