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Synopsis: Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Talebveteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swanhas written a modern classic that turns on its head what we believe about luck and skill. This book is about luckor more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skillthe world of tradingFooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient worlds wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamedthe lucky fool who happens to be in the right place at the right timehe embodies the survival of the least fit. Such individuals attract devoted followers who believe in their gurus insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared.
Title: Fooled by Randomness: The Hidden Role of ...
Publisher: CITIC Press Corporation
Publication Date: 2012
Book Condition: Used: Good
Book Description paperback. Book Condition: New. Paperback. Pages Number: 202 Language: Chinese. Publisher: CITIC Publishing House. Your success is not necessarily because of clever than others. and is likely to be the result of luck to open the rock and roll musicians of Rolls-Royce. Impressionist paintings carried a price speculators. entrepreneurs and dentists compared to ownership of private aircraft. which is more rich? The answer may surprise you: dentist. Because his career is almost no risk. very few of the possible disaster. will n. Bookseller Inventory # NC0339