Fooled by Randomness

By: Taleb, Nassim Nicholas

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Fooled by Randomness by Taleb, Nassim Nicholas
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Texere 2004. 8vo softcover 312pp index, b/w illus. good, bottom corner bent, owner's name on title page. Fooled by Randomness is now a cornerstone for anyone interested in random outcomes. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill ? the world of trading ? Fooled by Randomness is a captivating insight into one of the least understood factors of all our lives.The author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. In this second edition, Taleb manages to use stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is. But no one can replicate what is obtained by chance. .

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