Itemize Books During Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
| Original Title: | Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets |
| ISBN: | 0812975219 (ISBN13: 9780812975215) |
| Edition Language: | English |
| Series: | Incerto #1 |
Nassim Nicholas Taleb
Paperback | Pages: 368 pages Rating: 4.06 | 45078 Users | 1899 Reviews
Identify Of Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
| Title | : | Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1) |
| Author | : | Nassim Nicholas Taleb |
| Book Format | : | Paperback |
| Book Edition | : | Anniversary Edition |
| Pages | : | Pages: 368 pages |
| Published | : | August 23rd 2005 by Random House Trade Paperbacks (first published 2001) |
| Categories | : | Nonfiction. Economics. Business. Finance. Psychology. Philosophy. Science |
Narration Toward Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
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,and The Bed of Procrustes.Rating Of Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
Ratings: 4.06 From 45078 Users | 1899 ReviewsWrite Up Of Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
One of my business school professors raved about this book. I expected to get an entertaining and informative investment professional's take on how our irrational tendencies keep us from applying basic probabilities that would help us make better decisions.Instead, this book read like a pretentious, ranting diary. In the introduction, the author brags that he ignored nearly all of the suggested changes his book editors made (he labels book editors along with journalists, MBAs, and most socialA skeptic's guide to life - A lot of what its critics say about this book is true. It is unstructured, repetitive and occasionally polemical- But it worked for me. Not only does it provide a great bibliography ( like someone once said, "what is the point of a book if it does not lead us to other books" ) but it also explains a few theories which I knew intuitively but couldn't convince myself that they were more than wishful thoughts. Taleb is probably an idiosyncratic taste, or maybe I just
This book is a lot of painful reading for little reward, as there was nothing truly remarkable or revelatory about Taleb's insights. Most of what can be said of this book has already been said by other reviewers on GoodReads, so I will just briefly recap here: he is incredibly unlikeable, and infuses the book with anecdote and a general disdain for most of humanity, while exemplifying many of the characteristics he rails against. His insights will not be news to anyone who has read even a little
I've resisted reading Taleb for reasons he might approve of. I am suspicious of new gurus and of intellectual fads, especially when the word 'market' is factored in. I've finally read this book because a friend whose insights I give some weight to respects Taleb's ideas. What I found is a witty, personable narrative about the dangers of pattern recognition, novelty addiction and overestimating our ability to be rational. Taleb draws on philosophy, mathematics, psychiatry and personal experience
What is INCERTO?
Renowned statistician George Box once said, All models are wrong, but some are useful. The author of Fooled by Randomness is all over the first part of this statement, but apparently doesnt consider it part of his job as an iconoclast to say anything about the second. Taleb goes to great lengths to point out how some of the original assumptions made in investments and finance have blown up in peoples faces. Yes, unusual events do happen more often than a normal distribution suggests. Yes,
It's the whole series by N.N. Taleb. And if you start with the last one, you may understand way less than if you go from first to last.
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