Fooled by Randomness

Fooled by Randomness Cover

Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets

By Nassim Nicholas Taleb

Random House Trade, Paperback, 9780812975215, 316pp.

Publication Date: August 23, 2005

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, "and "The Bed of Procrustes."
" Taleb is] Wall Street's principal dissident. . . . Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther's ninety-nine theses were to the Catholic Church."
-Malcolm Gladwell, "The New Yorker"
Finally in paperback, the word-of-mouth sensation that will change the way you think about the markets and the world.This book is about luck: more precisely how we perceive luck in our personal and professional experiences.
Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill-the world of business-Fooled by Randomness""is an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.


About the Author
Nassim Nicholas Taleb has devoted his life to problems of uncertainty, probability, and knowledge. He spent nearly two decades as a businessman and quantitative trader before becoming a full-time philosophical essayist and academic researcher in 2006. Although he spends most of his time in the intense seclusion of his study, or as a flaneur meditating in cafes, 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.

Taleb s books have been published in thirty-three languages. "From the Hardcover edition.""


Praise For Fooled by Randomness

"[Taleb is] Wall Street’s principal dissident. . . . [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.”
Malcolm Gladwell, The New Yorker


“Fascinating . . . Taleb will grab you.”
Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk

“Recalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.”
Michael Schrage, author of Serious Play

“We need a book like this . . . fun to read, refreshingly independent-minded.”
Robert J. Shiller, author of Irrational Exuberance