Fooled by Randomness
  • Author : Nassim Nicholas Taleb
  • Release Date : 14 October 2008
  • Publisher : Random House
  • Genre : Business & Economics
  • Pages : 368
  • ISBN 13 : 9781588367679
Ratings: 3.5
From 35 Voters
Get This Book

Download Or Read Fooled by Randomness eBook PDF

Book excerpt: Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or 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 skill–the world of trading–Fooled 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 world’s 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 unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s 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. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year

Fooled by Randomness

Fooled by Randomness

Author : Nassim Nicholas Taleb
Publisher : Random House
Genre : Business & Economics
Get Book

Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and ...

Fooled by Randomness

Fooled by Randomness

Author : Nassim Nicholas Taleb
Publisher : Penguin UK
Genre : Business & Economics
Get Book

This is a book about luck. More specifically, it is a book about how we perceive luck, twist it around and regard it as intention or purpose....

Fooled by Randomness

Fooled by Randomness

Author : Nassim Nicholas Taleb
Publisher : Penguin UK
Genre : Business & Economics
Get Book

'One of the smartest books of all time' Fortune 'The hottest thinker in the world' Sunday Times Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable? This ...

Incerto

Incerto

Author : Nassim Nicholas Taleb
Publisher : Random House Trade
Genre : Uncategorized
Get Book

The landmark five-book series--all together in one boxed set The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don't understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, ...

Incerto 4 Book Bundle

Incerto 4 Book Bundle

Author : Nassim Nicholas Taleb
Publisher : Random House
Genre : Business & Economics
Get Book

Nassim Nicholas Taleb’s landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don’t understand, in nonoverlapping and standalone books. All four volumes—Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed ...

Incerto 5 Book Bundle

Incerto 5 Book Bundle

Author : Nassim Nicholas Taleb
Publisher : Random House
Genre : Business & Economics
Get Book

The landmark five-book series—all together in one ebook bundle The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don’t understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and ...

Fooled by Randomness

Fooled by Randomness

Author : Nassim Nicholas Taleb
Publisher : Random House
Genre : Business & Economics
Get Book

Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and ...

Incerto

Incerto

Author : Nassim Nicholas Taleb
Publisher : Editeurs divers USA
Genre : Aphorisms and apothegms
Get Book

Nassim Nicholas Taleb's landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don't understand, in nonoverlapping and standalone books. All four volumes--Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed of Procrustes, updated ...

The Bed of Procrustes

The Bed of Procrustes

Author : Nassim Nicholas Taleb
Publisher : Penguin UK
Genre : Philosophy
Get Book

In this profound and playful book, Nassim Nicholas Taleb presents his ideas about life in the form of aphorisms, the world's earliest - and most memorable - literary form. Procrustes was a character from Greek mythology who abducted travellers and invited them to spend the night in a special bed, ...

Skin in the Game

Skin in the Game

Author : Nassim Nicholas Taleb
Publisher : Random House Trade Paperbacks
Genre : Philosophy
Get Book

#1 NEW YORK TIMES BESTSELLER • A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what ...

The Great Mental Models  General Thinking Concepts

The Great Mental Models General Thinking Concepts

Author : Farnam Street
Publisher : Unknown
Genre : Uncategorized
Get Book

The old saying goes, ''To the man with a hammer, everything looks like a nail.'' But anyone who has done any kind of project knows a hammer often isn't enough. The more tools you have at your disposal, the more likely you'll use the right tool for the job ...

Antifragile

Antifragile

Author : Nassim Nicholas Taleb
Publisher : Random House Trade Paperbacks
Genre : Business & Economics
Get Book

Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, Skin in the Game, and ...

Mean Genes

Mean Genes

Author : Terry Burnham,Jay Phelan
Publisher : Basic Books
Genre : Science
Get Book

Short, sassy, and bold, Mean Genes uses a Darwinian lens to examine the issues that most deeply affect our lives: body image, money, addiction, violence, and the endless search for happiness, love, and fidelity. But Burnham and Phelan don't simply describe the connections between our genes and our behavior; they ...

The Next Age of Uncertainty

The Next Age of Uncertainty

Author : Stephen Poloz
Publisher : Penguin
Genre : Business & Economics
Get Book

From the former Governor of the Bank of Canada, a far-seeing guide to the powerful economic forces that will shape the decades ahead. The economic ground is shifting beneath our feet. The world is becoming more volatile, and people are understandably worried about their financial futures. In this urgent and ...

Statistical Consequences of Fat Tails

Statistical Consequences of Fat Tails

Author : Nassim Nicholas Taleb
Publisher : Unknown
Genre : Uncategorized
Get Book

The book investigates the misapplication of conventional statistical techniques to fat tailed distributions and looks for remedies, when possible. Switching from thin tailed to fat tailed distributions requires more than "changing the color of the dress." Traditional asymptotics deal mainly with either n=1 or n=∞, and the real world is ...