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Fooled by Randomness
Fooled by Randomness: The Hidden Role of Chance in Markets and Life
by Nassim Taleb
W. W. Norton & Company (October 2001)
Provides a good antidote to the normal credulous business screed. Taleb can be pretentious at times but his insights and analysis are right on target.
Read Instead: none
Time to Read: 2 nights
Content Density: 40% (good)
Interest Factor: High
by Nassim Taleb
W. W. Norton & Company (October 2001)
Summary
Describes in a straightforward and accessable manner how people often (usually) mistake the role of chance in success. What is really the result of the laws of chance for large numbers looks, to many, like smart people making good decisions. What is really being observed is 'survivorship bias' in which the one success is lauded and the thousand others that failed along the way are ignored.Rating and opinion
Provides a good antidote to the normal credulous business screed. Taleb can be pretentious at times but his insights and analysis are right on target.
Related
Read as Well: Reinventing the BazaarRead Instead: none
Footprint
280 pagesTime to Read: 2 nights
Content Density: 40% (good)
Interest Factor: High
laschmitt |
Latest page update: made by laschmitt
, Apr 6 2007, 4:40 PM EDT
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About This Update
Edited by laschmitt
118 words added 3 images added view changes - complete history) |
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Keyword tags:
fooled
randomness
taleb
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