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

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

by NassimNicholasTaleb (Author)

Synopsis

This is a book about luck. More specifically, it is a book about how we perceive luck, twist it around and regard it as intention or purpose. What better setting than the world of trading to invesdtigate the subject? How often has the brilliant trader, who seems to the outside world to have been granted the gift of second sight in the implementation of his strategies, been suddenly wiped out by an unexpected shift in the markets? The book may have its roots firmly in the financial arena, but it also incorporates and explains the effects and repercussions of randomness in many varied fields - ranging from philosophy to literature and science - to create an insight into how randomness cannot be conquered, but can be embraced.

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More Information

Format: Hardcover
Pages: 204
Publisher: Texere Publishing
Published: 03 Nov 2001

ISBN 10: 1587990717
ISBN 13: 9781587990717

Media Reviews
erivativesreview.com, September 28, 2001 The book struck a distinct chord as the author seemed to have various wonderful and illuminating insights with which I could readily identify. Robert J. Shiller, author of Irrational Exuberance It is fun to read, refreshingly independently-minded and at the same time playful. Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk Fascinating. Stick with it: Taleb will grab you... Scotland on Sunday, October 7, 2001 Taleb offers a candid assessment of the stock market in which he himself is a trader.
Author Bio
Nassim Nicholas Taleb is the founder of Empirica Capital LLC, and Fellow of the Courant Institute of Mathematical Sciences of New York University. He was inducted into the Derivatives Strategy Hall of Fame in 2001. He lives in New York.