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.

Now in a striking new hardcover edition, 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.

PRAISE FOR FOOLED BY RANDOMNESS:

Named by Fortune One of the Smartest Books of All Time

A Financial Times Best Business Book of the Year

â€œ[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Lutherâ€™s ninety-five theses were to the Catholic Church.â€
â€“Malcolm Gladwell, author of Blink

â€œThe book that rolled down Wall Street like a hand grenade.â€
â€“Maggie Mahar, author of Bull! A History of the Boom, 1982â€”1999

â€œFascinating . . . Taleb will grab you.â€
â€“Peter L. Bernstein, author of Capital Ideas Evolving

â€œRecalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.â€
â€“Michael Schrage, author of Serious Play: How the Worldâ€™s Best Companies Simulate to Innovate

â€œWe need a book like this. . . . Fun to read, refreshingly independent-minded.â€
â€“Robert J. Shiller, author of Irrational Exuberance

â€œPowerful . . . loaded with crackling little insights [and] extreme brilliance.â€
â€“National Review
Country USA
Brand Random House Books for Young Readers
Manufacturer Random House
Binding Hardcover
ItemPartNumber 9781400067930
Color Black
ReleaseDate 2008-10-14
UnitCount 1
EANs 9781400067930

Country	USA
Brand	Random House Books for Young Readers
Manufacturer	Random House
Binding	Hardcover
ItemPartNumber	9781400067930
Color	Black
ReleaseDate	2008-10-14
UnitCount	1
EANs	9781400067930

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

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