9781587990717

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

;

ISBN 10: 1587990717 / 1-58799-071-7
ISBN 13: 9781587990717
Publisher: Texere
Publication Date: 2001
Binding: Hardcover
Editorial Reviews:
Synopsis:

This book is about luck--or more precisely how we perceive and deal with luck in business and life. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill - the world of trading - FOOLED BY RANDOMNESS is a captivating insight into one of the least understood factors in all our lives. Writing in an entertaining and narrative style, the author succeeds in tackling and explaining three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern world.
The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; Karl Popper, the philosopher of knowledge; Solon, the Ancient World's wisest man; the modern financier George Soros; and the Greek voyager Ulysses. In addition we meet the fictional Nero, who seems to understand the role of randomness in his trading life, but who also falls victim to his own superstitious foolishness.
But the most recognizable character of all remains unnamed--the lucky fool in the right place at the right time. The embodiment of the "Survival of the Least Fit." Such individuals attract devoted followers who believe in their guru's insights and methods. But no one can replicate what is obtained through chance. A monkey banging on a keyboard may eventually produce the Iliad, but would you sign him to write the sequel?
Are we capable of distinguishing the fortunate charlatan form the genuine visionary?
Must we always try to uncover non-existent messages in random events?
It may be impossible to guard ourselves against teh vagaries of the Goddess Fortuna, but after reading FOOLED BY RANDOMNESS we can be a little better prepared.


 

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Fooled by Randomness: The Hidden Role of Chance in the Markets and Life (ISBN: 1587990717 / 1-58799-071-7)
Taleb, Nassim;Taleb, Nassim Nicholas
ISBN 10: 1587990717
ISBN 13: 9781587990717
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Book Description: Texere Publishing, 2001. Hardcover. Book Condition: New. New, mint condition. Orders are despatched from our UK warehouse next working day. Bookseller Inventory # 93951

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Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life (ISBN: 1587990717 / 1-58799-071-7)
Taleb, Nassim;Taleb, Nassim Nicholas
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Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life (ISBN: 1587990717 / 1-58799-071-7)
Taleb, Nassim;Taleb, Nassim Nicholas
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Taleb, Nassim;Taleb, Nassim Nicholas
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Taleb, Nassim;Taleb, Nassim Nicholas
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