Fooled By Randomness: The Hidden Role Of Chance In Life And In The Markets

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Random House Trade Paperbacks, 2005 - Business & Economics - 316 pages
33 Reviews
“[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 Randomnessis an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.
 

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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

Contents

Two A BIZARRE ACCOUNTING METHOD
22
Three A MATHEMATICAL MEDITATION
43
Four RANDOMNESS NONSENSE
70
Five SURVIVAL OF THE LEAST FIT CAN EVOLUTION
79
Six SKEWNESS AND ASYMMETRY
97
Seven THE PROBLEM OF INDUCTION
116
Eight TOO MANY MILLIONAIRES NEXT DOOR
139
Nine IT IS EASIER TO BUY AND SELL
149
WHERE IS NAPOLEON WHEN
190
WHY WE DONT MARRY THE FIRST DATE
197
PROBABILITIES AND THE MEDIA
210
Twelve GAMBLERSTICKS AND PIGEONS IN A BOX
226
ON PROBABILITY
234
Fourteen BACCHUS ABANDONS ANTONY
245
Postscript THREE AFTERTHOUGHTS IN
252
Acknowledgments for the First Edition
263

Ten LOSER TAKES ALL ON THE NONLINEARITIES
172
WE
182
SOME ARCHITECTURAL
183

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About the author (2005)

Nassim Nicholas Taleb is the author ofThe Black Swan. He has devoted his life to immersing himself in problems of luck, uncertainty, probability, and knowledge. Part literary essayist, part empiricist, part researcher, part no-nonsense businessman, he spent eighteen years as a mathematical trader, and was the Dean’s Professor in the Sciences of Uncertainty at the University of Massachusetts at Amherst. Taleb lives mostly in New York.


From the Hardcover edition.

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