Fooled by Randomness: The Hidden Role of Chance in Life and in

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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)

Fooled by Randomness is a standalone book in Nassim Nicholas Talebâ€™s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we donâ€™t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game,Â 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 Talebâ€“veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swanâ€“has written a modern classic that turns on its head what we believe about luck and skill.

This book is about luckâ€“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 skillâ€“the world of tradingâ€“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 worldâ€™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 unnamedâ€“the lucky fool who happens to be in the right place at the right timeâ€“he embodies the â€œsurvival of the least fit.â€ Such individuals attract devoted followers who believe in their guruâ€™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
Country USA
Brand Random House Trade Paperbacks
Manufacturer Random House Trade Paperbacks
Binding Paperback
ItemPartNumber new18-0419_2016-b0012924
Color White
ReleaseDate 2005-08-23
UnitCount 1
EANs 8581000020738

Country	USA
Brand	Random House Trade Paperbacks
Manufacturer	Random House Trade Paperbacks
Binding	Paperback
ItemPartNumber	new18-0419_2016-b0012924
Color	White
ReleaseDate	2005-08-23
UnitCount	1
EANs	8581000020738

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)

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