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

Copertina anteriore
Cengage South-Western, 2004 - 277 pagine
This revised paperback edition of Fooled by Randomness includes a new introduction, the expansion of some of the author's key concepts and an extensive bibliography pointing the reader towards further reading. Taleb takes the reader on a fascinating journey through our perceptions of success, failure and luck; bridging the gap between mathematics, philosophy, the financial markets and life in general. Concepts such as survivorship bias, induction and our genetic lack of fitness for the modern world are laid before the reader in an accessible narrative that sweeps across the trading rooms of New York and Chicago, passing along the way Solon (the Ancient World's wisest man), the philosophy of Karl Popper and the pronouncements of Yogi Berra (it ain't over 'till the fat lady sings) amongst others. At the end of the journey, the reader is left with a deep understanding of the role randomness plays in all our lives. the right time who claims some brilliantly conceived plan was behind the success. He explains his ideas against a backdrop of the greatest and most visible forum possible for investigating these misconceptions - the world of trading and derivatives in which Taleb is regarded as a leading international figure. been granted the gift of second-sight, been suddenly wiped out by a supposedly rare - or random - event? And we can all recognize the business leader or politician who claims a remarkable upturn in results is solely down to the cleverly thought-out strategies - when the reality is a series of independent factors coming together by chance to produce the success. Are we capable of recognizing the fortunate charlatan from the genuine visionary?

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LibraryThing Review

Recensione dell'utente  - ffortsa - LibraryThing

I think I picked this up from our building's swap shelves. It's an advance uncorrected proof, and wow does it need corrections. I hope a copy editor and/or the author got hold of this in galley and ... Leggi recensione completa

LibraryThing Review

Recensione dell'utente  - addunn3 - LibraryThing

The author discusses his observations about how we are fooled by random events into make false causal links. Many of his examples are from his financial trading experience. Well worth the reading ... Leggi recensione completa

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Informazioni sull'autore (2004)

Nassim Nicholas Taleb was born in 1960 in Amioun, Lebanon. He is a researcher, essayist, trader, epistemologist, and former practitioner of mathematical finance. Taleb received his bachelors and masters degree in science from the University of Paris. He holds an MBA from the Wharton School at the University of Pennsylvania, and a Ph.D. in Management Science from the University of Paris- Dauphine. Taleb began his financial mathematics career in several of New York City's Wall Street firms before becoming a scholar in the epistemology of chance events, randomness, and the unknown. Taleb's book, Fooled by Randomness, was translated into 23 languages. His book, The Black Swan, was translated into 27 languages and spent several months on the New York Times Bestseller list. Taleb is a Distinguished Professor of Risk Engineering at Polytechnic Institute of New York University and visiting professor of Marketing (Cognitive Science) at London Business School. Taleb has also taught at the University of Massachusetts in Amherst, Courant Institute of New York University, and the Wharton Business School Financial Institutions Center. His title Bed of Procrustes made the N.Y. Times Bestseller List for 2010 and his title Antifragile: Things That Gain from Disorder made The 2012 New York Times Bestseller List.

Informazioni bibliografiche