Dance with Chance: Making Luck Work for You

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9781851687206: Dance with Chance: Making Luck Work for You
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"Written by true experts. Informative yet so much fun to read!" Nassim Nicholas Taleb author of The Black Swan "Easy-to-digest and highly competent. If everyone were to read this book, the world would become a more enlightened place." Gerd Gigerenzer author of Gut Feelings: The Intelligence of the Unconsious 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. By learning when to cede control over certain aspects of our life, paradoxically, we gain more control. By making small changes to our lifestyle, we can make a huge difference to the things that matter to us. From simple investment strategies to warning against health screenings, the authors offer revolutionary and often counterintuitive advice 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. Updated to include the latest happenings in the credit crunch 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. Spyros Makridakis is Distinguished Research Professor at INSEAD, Abu Dhabi Centre 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.

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About the Author:

Spyros Makridakis is Professor Emeritus at INSEAD, France, and a former Olympian. He is the author of Forecasting Methods for Management, which has sold over 120,000 copies worldwide.
Robin M. Hogarth is ICREA Research Professor at Universitat Pompeu Fabra, Spain. He is President of the European Association for Decision Making.
Anil Gaba is the ORPAR Chaired Professor of Risk Management and Dean of Faculty at INSEAD, Singapore, one of the world’s leading business schools.

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)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

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9781851686797: Dance with Chance: Making Luck Work for You

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9781851687756: Dance with Chance: Making Luck Work for You

Onewor..., 2010
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