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Fooled By Randomness

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Fooled by Randomness

Fooled by Randomness Book
Author : Nassim Nicholas Taleb
Publisher : Random House
Release : 2008-10-14
ISBN : 1588367673
Language : En, Es, Fr & De

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Book Description :

Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–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 skill–the world of trading–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 world’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 unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’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. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year

Incerto

Incerto Book
Author : Nassim Nicholas Taleb
Publisher : Random House Trade
Release : 2021-05-04
ISBN : 059324365X
Language : En, Es, Fr & De

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Book Description :

The landmark five-book series--all together in one boxed set The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don't understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, in non-overlapping volumes that can be accessed in any order. The main thread is that while there is inordinate uncertainty about what is going on, there is great certainty as to what one should do about it. This boxed set includes: FOOLED BY RANDOMNESS THE BLACK SWAN THE BED OF PROCRUSTES ANTIFRAGILE SKIN IN THE GAME

Incerto 5 Book Bundle

Incerto 5 Book Bundle Book
Author : Nassim Nicholas Taleb
Publisher : Random House
Release : 2021-05-04
ISBN : 0593243668
Language : En, Es, Fr & De

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Book Description :

The landmark five-book series—all together in one ebook bundle The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don’t understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, in non-overlapping volumes that can be accessed in any order. The main thread is that while there is inordinate uncertainty about what is going on, there is great certainty as to what one should do about it. This ebook bundle includes: FOOLED BY RANDOMNESS THE BLACK SWAN THE BED OF PROCRUSTES ANTIFRAGILE SKIN IN THE GAME

Fooled by Randomness

Fooled by Randomness Book
Author : Nassim Nicholas Taleb
Publisher : Unknown
Release : 2009
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

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Fooled by Randomness Pivotal Points

Fooled by Randomness Pivotal Points Book
Author : Pivotal Point Papers
Publisher : CreateSpace
Release : 2013-12
ISBN : 9781494722845
Language : En, Es, Fr & De

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Book Description :

Fooled by Randomness Pivotal Points is your aide to rapid comprehension of the essential business principles delineated in Nassim Nicholas Taleb's acclaimed book Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets.Taleb argues that analysts that work with historical market data to find patterns will of course find regularities. When people work hard, they will of course find similarities, but does not really statistically account into anything other than irregularities. Taleb uses “Survivor Bias” to discuss poor probability. Nassim Taleb's, undertakes in Fooled by Randomness, the warning not to equate success to skill and failure to bad luck.As with all books in the Pivotal Point Papers Series, this book is intended to be purchased alongside the reviewed title, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets.

Fooled by Randomness

Fooled by Randomness Book
Author : Nassim Taleb
Publisher : Unknown
Release : 2004
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

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SUMMARY Fooled By Randomness The Hidden Role Of Chance In Life And In The Markets By Nassim Nicholas Taleb

SUMMARY   Fooled By Randomness  The Hidden Role Of Chance In Life And In The Markets By Nassim Nicholas Taleb Book
Author : Shortcut Edition
Publisher : Shortcut Edition
Release : 2021-06-27
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will learn how to better take chance into account when making decisions. You will also learn : that the human being is not gifted to think rationally; that economists, journalists and traders are not as reliable as they seem; that success is not necessarily synonymous with competence or intelligence; how best to deal with unpredictability; how to become wiser. Chance, sometimes called luck or fate, is an unavoidable parameter of events and life itself. However, human beings persist in wanting to reduce its importance, believing in their arrogance to be able to control it, or even make it disappear. Experts of all stripes, traders and even economists thus boast of predicting the future... until they are wrong, which inevitably happens. Since chance is surely stronger than human reason, it would be wiser to be humble. If man is irremediably fallible and incapable of thinking correctly, would it not be better to take this limitation into account, rather than trying to fight it? Discover some keys to do so! *Buy now the summary of this book for the modest price of a cup of coffee!

INCERTO BOX SET

INCERTO BOX SET Book
Author : NASSIM NICHOLAS. TALEB
Publisher : Unknown
Release : 2019
ISBN : 9780141991733
Language : En, Es, Fr & De

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Book Description :

Download INCERTO BOX SET book written by NASSIM NICHOLAS. TALEB, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Summary

Summary Book
Author : Greg Collins
Publisher : Createspace Independent Publishing Platform
Release : 2018-02-26
ISBN : 9781985889033
Language : En, Es, Fr & De

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Book Description :

Randomness is everywhere and involved in almost everything, especially politics and the economy. Presidents foolishly boast about all the jobs that "he created," when it was only the chance of the market. Our belief that we owe our success to our own abilities, instead of recognizing most of our success comes from chance, is just another primitive superstition from our ancient past, the author argues. The human mind all too often sees elephants in the clouds, when it's really just water vapors that happen to have randomly assumed shapes we associate with elephants for a brief period of time. The author is particularly critical of the literary mind, which is trained to see meaning where there is only noise. The literary mind is so obsessed with meaning that it extracts all sorts of meanings from obscure passages and insignificant events that have nothing to do with those meanings at all. They see the intent of an author where it was clearly only random, such as a minute word choice or the placement of a certain imagery. The study of randomness is a young science, but quickly growing. The error that skill is more important than sheer fortune has its worst impact in the market, the author argues. We all too often hold up a great businessman in high esteem for his great skill and vision, when in reality 99.9 percent of his riches are due purely to chance.

Summary of Nassim Nicholas Taleb s Fooled By Randomness by Swift Reads

Summary of Nassim Nicholas Taleb   s Fooled By Randomness by Swift Reads Book
Author : Swift Reads
Publisher : Swift Reads
Release : 2019-07-09
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (2001) explains how humans routinely underestimate the role luck plays in determining outcomes. This failure to account for uncertainty can lead someone to attribute meaning to a result where none exists, or to overlook the probability of a rare but cataclysmic event… Purchase this in-depth summary to learn more.

FOOLED BY RANDOMNESS A103081275

FOOLED BY RANDOMNESS   A103081275 Book
Author : N.N. TALEB
Publisher : Unknown
Release : 2001
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download FOOLED BY RANDOMNESS A103081275 book written by N.N. TALEB, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Quicklet on Nassim Taleb s Fooled by Randomness CliffNotes like Summary

Quicklet on Nassim Taleb s Fooled by Randomness  CliffNotes like Summary  Book
Author : Abdul Montaqim
Publisher : Hyperink Inc
Release : 2012-02-24
ISBN : 1614649650
Language : En, Es, Fr & De

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Book Description :

ABOUT THE BOOK When I was in school I considered a career in finance. Or to be more embarrassingly precise, I considered becoming an accountant. I chose the appropriate subjects and got myself onto a business degree course. I was still only 19 and you could say I was following a non-random course towards my career objective. But then, just months before I was supposed to start my degree course, in what might be considered random events, I became involved in newspapers and learned skills such as writing and page layout. I decided against the degree course. I managed to get some money together to launch my own publication. And I’ve been in the media ever since. I feel lucky that the circumstances that I found myself in at that time have resulted in a relatively long and moderately successful career in journalism, but I can’t help thinking that none of it was planned and, therefore, on one level, it was random. I’m not sure Nassim Taleb, author of Fooled by Randomness, would agree with me, however. In fact, even if Taleb spent a wrote book explaining his thoughts on the matter, I’m not sure that I’d completely understand it—such is the depth to which he analyses events and the complexity of his theories about said events. MEET THE AUTHOR Abdul Montaqim is a journalist, based in London, and has been working in the media since 1989. Among the more well known titles he has written for are The Guardian newspaper, Time Out magazine and the International Business Times website. He has edited a number of local and community newspapers, magazines and websites, and has, over the course of his career, worked for some of the largest publishers in Europe, including Emap, LLP and Mirror Group Newspapers. Abdul has also worked outside of the United Kingdom, moving to Abu Dhabi for a year to work on the first national daily newspaper in United Arab Emirates, The National; and he has consulted for media companies in Bangladesh, where he was born. Abdul briefly worked for a New York-headquartered cable television channel called AsiaNet as a news editor, and realised that although he loves researching, writing and other "technical" parts of a journalist's job, he does not like presenting, preferring to be behind the camera or back in the studio. He also realised that, although reporting a story through the medium of television is obviously different from telling it through a newspaper or magazine, the heart and mind of every media company is researching and writing. In his spare time, Abdul likes to spend time with his family, cooking, eating, watching films, listening to music, reading and writing. When he goes out he likes to watch movies at the best cinemas, see live music performances, and eat at good restaurants. He also loves gardening, fishing and going for long walks. EXCERPT FROM THE BOOK Taleb touches on Darwin’s theory of evolution. He does not share the widely held view that Darwinism can be applied to the business world. Meaning that he doesn’t believe that the strongest companies will survive and the weakest will become extinct. “Things are not as simple as that,” he writes. The problem, he explains, comes from randomness. “Once randomness is injected into a system... what seems to be an evolution may be merely a diversion, and possibly regression...” Buy a copy to keep reading!

Skin in the Game

Skin in the Game Book
Author : Nassim Nicholas Taleb
Publisher : Penguin UK
Release : 2018-02-20
ISBN : 0241247489
Language : En, Es, Fr & De

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Book Description :

From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility 'Skin in the game means that you do not pay attention to what people say, only to what they do, and how much of their neck they are putting on the line' Citizens, artisans, police, fishermen, political activists and entrepreneurs all have skin in the game. Policy wonks, corporate executives, many academics, bankers and most journalists don't. It's all about having something to lose and sharing risks with others. In his most provocative and practical book yet, Nassim Nicholas Taleb shows that skin in the game, often seen as the foundation of risk management, in fact applies to all aspects of our lives. In his inimitable style, Taleb draws on everything from Antaeus the Giant to Hammurabi to Donald Trump, from ethics to used car salesmen, to create a jaw-dropping framework for understanding this idea. Among his insights: For social justice, focus on symmetry and risk sharing. Minorities, not majorities, run the world. You can be an intellectual yet still be an idiot. Beware of complicated solutions (that someone was paid to find). Just as The Black Swan did during the 2007 financial crisis, Skin in the Game comes at precisely the right moment to challenge our long-held beliefs about risk, reward, politics, religion and business - and make us rethink everything we thought we knew.

Fooled by Randomness

Fooled by Randomness Book
Author : Nassim Nicholas Taleb
Publisher : Your Coach In A Box
Release : 2008-09-02
ISBN : 9781596592018
Language : En, Es, Fr & De

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Book Description :

Download Fooled by Randomness book written by Nassim Nicholas Taleb, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Fooled by Randomness

Fooled by Randomness Book
Author : Nassim Nicholas Taleb
Publisher : Your Coach In A Box
Release : 2008-09-02
ISBN : 9781596592018
Language : En, Es, Fr & De

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Book Description :

Download Fooled by Randomness book written by Nassim Nicholas Taleb, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

The Black Swan Second Edition

The Black Swan  Second Edition Book
Author : Nassim Nicholas Taleb
Publisher : Random House
Release : 2010-05-11
ISBN : 0679604189
Language : En, Es, Fr & De

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Book Description :

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.” A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.” For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. In this revelatory book, Taleb will change the way you look at the world, and this second edition features a new philosophical and empirical essay, “On Robustness and Fragility,” which offers tools to navigate and exploit a Black Swan world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. Elegant, startling, and universal in its applications, The Black Swan is a landmark book—itself a black swan.

The Bed of Procrustes

The Bed of Procrustes Book
Author : Nassim Nicholas Taleb
Publisher : Penguin UK
Release : 2010-12-02
ISBN : 0141969245
Language : En, Es, Fr & De

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Book Description :

In this profound and playful book, Nassim Nicholas Taleb presents his ideas about life in the form of aphorisms, the world's earliest - and most memorable - literary form. Procrustes was a character from Greek mythology who abducted travellers and invited them to spend the night in a special bed, which they had to fit to perfection. They never did. Those who were too tall had their legs chopped off; those who were too short were stretched. Every aphorism here is about a Procrustean bed of sorts - we humans, facing the limits of our knowledge, the unseen and the unknown, resolve the tension by squeezing life and the world into crisp commoditized ideas, reductive categories, specific vocabularies and pre-packaged narratives. Only by embracing the unexpected - and accepting what we don't know - can we see the world as it really is.

Antifragile

Antifragile Book
Author : Nassim Nicholas Taleb
Publisher : Penguin UK
Release : 2012-11-27
ISBN : 0718197909
Language : En, Es, Fr & De

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Book Description :

Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. Just as human bones get stronger when subjected to stress and tension, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls antifragile are things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. Here Taleb stands uncertainty on its head, making it desirable, even necessary. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better. What's more, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call "efficient" not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems and medicine, drawing on modern street wisdom and ancient sources. Antifragile is a blueprint for living in a Black Swan world. Erudite, witty, and iconoclastic, Taleb's message is revolutionary: the antifragile, and only the antifragile, will make it. Nassim Nicholas Taleb has devoted his life to problems of uncertainty, probability, and knowledge and has led three careers around this focus, as a businessman-trader, a philosophical essayist, and an academic researcher. Although he now spends most of his time working in intense seclusion in his study, in the manner of independent scholars, he is currently Distinguished Professor of Risk Engineering at New York University's Polytechnic Institute. His main subject matter is "decision making under opacity," that is, a map and a protocol on how we should live in a world we don't understand. His books Fooled by Randomness and The Black Swan have been published in thirty-three languages. Taleb believes that prizes, honorary degrees, awards, and ceremonialism debase knowledge by turning it into a spectator sport.

The Black Swan

The Black Swan Book
Author : Nassim Nicholas Taleb
Publisher : Penguin Books, Limited (UK)
Release : 2011
ISBN : 9781846145650
Language : En, Es, Fr & De

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Book Description :

A slipcased hardback edition of Nassim Nicholas Taleb's bestselling masterpiece, with the original first Penguin edition artwork.What have the invention of the wheel, Pompeii, the Wall Street Crash, Harry Potter and the internet got in common? Why are all forecasters con-artists? What can Catherine the Great's lovers tell us about probability? Why should you never run for a train or read a newspaper? This book is all about Black Swans: the random events that underlie our lives, from bestsellers to world disasters. Their impact is huge; they're impossible to predict; yet after they happen we always try to rationalize them. A rallying cry to ignore the 'experts', The Black Swan shows us how to stop trying to predict everything - and take advantage of uncertainty.

Antifragile

Antifragile Book
Author : Nassim Nicholas Taleb
Publisher : Unknown
Release : 2012
ISBN : 9781846141560
Language : En, Es, Fr & De

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Book Description :

In The Black Swan, Nassim Taleb explained the existence of high impact rare events beyond the realms of normal expectations. In his new book, Taleb goes much further. He tells us how to live in a world that is unpredictable and chaotic, and how to thrive during moments of disaster. Antifragility is about loving randomness, uncertainty, opacity, adventure and disorder, and benefitting from a variety of shocks. It is about what to do when you don't understand. It is a new word because it is a new concept. Many of the greatest breakthroughs in human endeavour come from the trial and error that is part of antifragility. And some of the best systems we know of, including evolution, have antifragility at their heart. Medicine, economics, even politics, could all be improved by embracing it. It is often what really drives innovation and invention. Our failure to realize this has even led to many huge historical misunderstandings about religion and belief. So, how can we take advantage of antifragility? What are the good things we can expose ourselves to? How do we become energized by volatility and uncertainty? Taleb ranges over ideas and real-life situations, from why debt brings fragility, why he abhors the fakeness of halfmen, why if we lose nothing we will gain nothing, and why we should detest the lack of accountability at the heart of capitalism. He shows us that chaos is what makes us human. The most successful of us, the most daring, relentless and creative will take advantage of this disorder and invent new, more powerful opportunities and advantages beyond our expectations. 'The author of the influential Black Swan returns with a bold bookexplaining how and why we should embrace uncertainty, randomness, and error as an antidote to our fragile way of life, instead of trying to avoid mistakes and collapsing when catastrophe strikes (see 2008). It may just change our lives.' thedailybeast.com