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

Front Cover
Random House LLC, Oct 14, 2008 - Business & Economics - 316 pages
41 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.
  

What people are saying - Write a review

User ratings

5 stars
6
4 stars
15
3 stars
10
2 stars
8
1 star
2

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

User Review  - Sarah Clement - Goodreads

This book is a lot of painful reading for little reward, as there was nothing truly remarkable or revelatory about Taleb's insights. Most of what can be said of this book has already been said by ... Read full review

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

User Review  - Kai Schreiber - Goodreads

A nice thesis (humans are unable to correctly assess risk and probability and therefore fall into all kinds of traps) wrapped in pompous and befuddled writing. At times the logic and flow is so jumpy ... Read full review

All 7 reviews »

Related books

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

Other editions - View all

Common terms and phrases

About the author (2008)

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.


From the Hardcover edition.

Bibliographic information