Read Fooled by Randomness Revision: The Hidden Role of Chance in the Markets and Life by Nassim Nicholas Taleb Free Online
Book Title: Fooled by Randomness Revision: The Hidden Role of Chance in the Markets and Life|
The author of the book: Nassim Nicholas Taleb
Edition: Texere Publishing
Date of issue: March 12th 2004
ISBN 13: 9781587991844
Format files: PDF
The size of the: 356 KB
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This revised paperback edition of Fooled by Randomness includes a new introduction, the expansion of some of the author's key concepts and an extensive bibliography pointing the reader towards further reading. Taleb takes the reader on a fascinating journey through our perceptions of success, failure and luck; bridging the gap between mathematics, philosophy, the financial markets and life in general. Concepts such as survivorship bias, induction and our genetic lack of fitness for the modern world are laid before the reader in an accessible narrative that sweeps across the trading rooms of New York and Chicago, passing along the way Solon (the Ancient World's wisest man), the philosophy of Karl Popper and the pronouncements of Yogi Berra (it ain't over 'till the fat lady sings) amongst others. At the end of the journey, the reader is left with a deep understanding of the role randomness plays in all our lives. the right time who claims some brilliantly conceived plan was behind the success. He explains his ideas against a backdrop of the greatest and most visible forum possible for investigating these misconceptions - the world of trading and derivatives in which Taleb is regarded as a leading international figure. been granted the gift of second-sight, been suddenly wiped out by a supposedly rare - or random - event? And we can all recognize the business leader or politician who claims a remarkable upturn in results is solely down to the cleverly thought-out strategies - when the reality is a series of independent factors coming together by chance to produce the success. Are we capable of recognizing the fortunate charlatan from the genuine visionary?
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Read information about the authorTaleb has devoted his life to problems of uncertainty, probability, and knowledge. He spent two decades as a trader before becoming a philosophical essayist and academic researcher in probability theory. Although he now spends most of his time either working in intense seclusion in his study, or as a flâneur meditating in cafés across the planet, he is currently Distinguished Professor of Risk Engineering at New York University's Polytechnic Institute. His main subject matter is "decision making under opacity", that is, a map and a protocol on how we should live in a world we don't understand.
His works are grouped under the general title Incerto (latin for uncertainty), composed of a trilogy accessible in any order (Antifragile, The Black Swan, and Fooled by Randomness) plus two addenda: a book of philosophical aphorisms (The Bed of Procrustes) and a freely available Technical Companion.
Taleb believes that prizes, honorary degrees, awards, and ceremonialism debase knowledge by turning it into a spectator sport.
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