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

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

Location
Bangalore
Condition
New
Product Specifications
Language English
Binding Paperback
Publisher Penguin UK
Description
Synopsis Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy – or something altogether more unpredictable? This book is the word-of-mouth sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets – we hear an entrepreneur has ‘vision’ or a trader is ‘talented’, but all too often their performance is down to chance rather than skill. It is only because we fail to understand probability that we continue to believe events are non-random, finding reasons where none exist. This irreverent bestseller has shattered the illusions of people around the world by teaching them how to recognize randomness. Now it can do the same for you.
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  1.  Some parts are good, but not easy to read 30 August, 2013 On Junglee.com
    I saw this book at a friend's place and found the (sub)title interesting. Also, having just got my MBA I was interested in reading something about statistics. But not being a trader or having any inclination of becoming one, I found the book to be a bit drab and technical. There are only a few areas where Taleb drives home a high level, meta-point that you can apply to a non-financial life; like when he writes that failure should be treated as just a statistically possible event and one should take it in his/her stride.

    For the most part the book tends to get too mathematical. It seems that Taleb has not intended this book to be read by everyone. Buy it only if you are really interested in trading or statistics.
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