Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets @ richardeward.com

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
by Nassim Nicholas Taleb
from Penguin Books Ltd

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Customer Reviews:

• Avg. Customer Rating: 5.0 / 5.0

• Is randomness random?
  I would suggest that this book is NOT for someone who has a clear view of where they are going in life, and how they will get there. For in both the large and small events in life, there are unpredictable events. Nassim Taleb talks about how we handle those events, and more importantly, how we can use them in our favour. If you are one I recommend not to start the book, the reading may change your outlook. Permanently.
  Taleb is a market trader, with experience of having survived several severe... more info

• Fooled by Probabilities
  The ideas in this book have created more controversy than they deserve, and it might have something to do with the title of the book. Given the number of people who equate "random" with "equiprobable", "Fooled by Probabilities" would have been a more appropriate title for the book, though not as provocative as "Fooled by Randomness". There is a finite chance that there is a black cat in every dark room, but when you switch the light on, there is no black cat in the room. Both are correct statements -... more info

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