Uneasy with how chance determines a huge part of our lives, we try to control what cannot be controlled and predict what cannot be predicted. It's a self-delusion that can have serious consequences for our personal finances, careers, happiness, and health.
Dance With Chance explains how we all fall foul of this "Illusion of Control". Fortunately, when we understand how luck operates, we can lessen its ill effects. Minor lifestyle adjustments can have huge positive results. From simple investment strategies to warning against health screenings, the authors offer the revolutionary advice needed to make luck work for you.
You'll find out why millions of deaths are caused each year by medical negligence and why a billionaire is no happier than an Eskimo. You'll discover why no-one predicted the worst financial crisis since the great depression and what makes a sports star. Witty, inventive, and informed by the latest findings in psychology and statistics, Dance with Chance is an essential guide to navigating the uncertain world in which we live.
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Spyros Makridakis is Professor Emeritus at INSEAD, France and Singapore, the World's second largest business school, and a former Greek Olympian. Robin M. Hogarth is ICREA Research Professor at Universitat Pompeu Fabra, Spain. He was formerly a professor at the University of Chicago's Graduate School of Business. Anil Gaba is the ORPAR Chaired Professor of Risk Management and Dean of Faculty at INSEAD, France and Singapore.From Publishers Weekly:
Makridakis, Hogarth and Gaba—business professors and risk management experts—explore the powerful role of luck in our lives. For example, it's commonly accepted that to live a long, healthy life, weight, blood pressure and cholesterol should be controlled and smoking is verboten. However, the authors cite an analysis of mortality rates that suggests that these factors have only a minimal effect on longevity—and in the case of body weight, our common knowledge might be entirely wrong. Early sections reconsider medical and investment advice in the light of the unacknowledged and unstudied role of pure chance, and the authors make surprising recommendations: avoid doctors, seek boring investments and ignore almost everything in business books. The second—and weaker—section of the book offers abstract strategies for living with greater uncertainty. Although lacking in specific practical advice, the book is worthwhile for its provocative thesis and its invitation to readers to relinquish the illusion of control. (May)
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Book Description Oneworld Publications, 2009. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P111851686797
Book Description Oneworld Publications. Hardcover. Book Condition: New. 1851686797 New Condition. Bookseller Inventory # NEW7.0781032