Fooled by Randomness book

Fooled by Randomness

 Nassim Nicholas Taleb  

Money & Investments  Creativity  

Ever wondered how ancient philosophers' skepticism about a single truth can influence our understanding of randomness and probability? Curious to know how a Nobel-prize winning economist's approach to risk led to catastrophic market events? Interested to discover how stoicism can help navigate randomness and unpredictability? What if we told you that the concept of Monte Carlo Simulations, the power of randomness and the survivorship bias can reshape your perspective of success and failure? Dive into the captivating narrative that intertwines ancient wisdom, modern science, and personal anecdotes to unravel the mysteries of randomness in our lives.


Ever wondered how ancient philosophers' skepticism about a single truth can influence our understanding of randomness and probability? Curious to know how a Nobel-prize winning economist's approach to risk led to catastrophic market events? Interested to discover how stoicism can help navigate randomness and unpredictability? What if we told you that the concept of Monte Carlo Simulations, the power of randomness and the survivorship bias can reshape your perspective of success and failure? Dive into the captivating narrative that intertwines ancient wisdom, modern science, and personal anecdotes to unravel the mysteries of randomness in our lives.;

#1

Could a Cautious Trading Strategy Save You from Financial Downfall?

01 Jan 1970

01:52

01:52


#2

Russian Roulette Decisions: Understanding the Role of Randomness in Success and Failure

01 Jan 1970

02:02

02:02


#3

Are We Misinterpreting Randomness as Patterns in Our Lives?

01 Jan 1970

03:17

03:17


#4

Randomness Fools: The Rise and Fall of Carlos and John in the Financial Markets

01 Jan 1970

02:20

02:20


#5

Can Understanding Skewness and Asymmetry be the Key to Success in Finance and Medicine?

01 Jan 1970

02:45

02:45


#6

Distinguishing Skill from Luck: The Deceptive Nature of Survivorship Bias

01 Jan 1970

02:57

02:57


#7

Can a Tiny Advantage or a Bit of Randomness Lead to Disproportionate Success?

01 Jan 1970

02:05

02:05


#8

Trading Strategies from Odysseus: Navigating the Financial Odyssey amidst Chaos and Randomness

01 Jan 1970

02:52

02:52


#9

Can Embracing Skepticism and Flexibility, Like George Soros and Carneades, Lead to Greater Success?

01 Jan 1970

02:58

02:58


#10

Final Recap

01 Jan 1970

02:43

02:43



About Author

Nassim Nicholas Taleb is a Lebanese-American essayist, scholar, statistician, and former trader and risk analyst, whose work focuses on problems of randomness, probability, and uncertainty. His 2001 book "Fooled by Randomness" is a seminal work that deals with the fallibility and influence of the human perception of random events. It is the first installment of his multi-volume philosophical essay on uncertainty, titled the "Incerto", which also includes "The Black Swan" (2007), "Antifragile" (2012), and other works. Taleb's provocative insights challenge readers to reconsider the role of chance in their lives and decision-making processes.

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