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

User Review  - Anthoney - Goodreads

The first chapter was so funny I was laughing out loud, and compelled me enough to go ahead and purchase the 'Black Swan', but having finished the book am wondering if the chapter was probably ... Read full review

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

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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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