We look forward to seeing you on your next visit to the library. Find a location near you.

Fooled by randomness: the hidden role of chance in life and in the markets

Book Cover
Average Rating
Series:
Publisher:
Varies, see individual formats and editions
Pub. Date:
Varies, see individual formats and editions
Language:
English
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
Also in This Series
More Like This
More Copies In LINK+
Loading LINK+ Copies...
More Details
ISBN:
9781400067930
9781588367679
9781469087993
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID4be2f0e8-5007-8d8d-942e-25dbc3707e7b
Grouping Titlefooled by randomness the hidden role of chance in life and in the markets
Grouping Authornassim nicholas taleb
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2022-05-18 02:08:20AM
Last Indexed2022-05-18 02:55:13AM
Novelist Primary ISBN9781596592018

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
auth_author2Pratt, Sean
authorTaleb, Nassim Nicholas, 1960-
author2-rolePratt, Sean,narrator
hoopla digital
author_displayTaleb, Nassim Nicholas
available_at_catalogCarmichael
Colonial Heights
North Highlands-Antelope
detailed_location_catalogCarmichael
Central
Colonial Heights
North Highlands-Antelope
display_descriptionFooled 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
format_catalogBook
eAudiobook
eBook
format_category_catalogAudio Books
Books
eBook
id4be2f0e8-5007-8d8d-942e-25dbc3707e7b
isbn9781400067930
9781469087993
9781588367679
item_details
Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent URLsubformatDetailed StatusLast CheckinLocation
ils:.b19360605.i84647723Central519.2 T143 20081falsefalseDue May 5, 2022cenag
ils:.b19360605.i84647759Colonial Heights519.2 T143 20081falsefalseOn Shelfchsag
ils:.b19360605.i84647747Carmichael519.2 T143 20081falsefalseOn Shelfcarag
ils:.b19360605.i84647735North Highlands-Antelope519.2 T143 20081falsefalseOn Shelfnhiag
overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc-2Online OverDrive CollectionOnline OverDriveeBookeBook2falsetrueOverDriveAdobe EPUB eBook, Kindle Book, OverDrive ReadAvailable Online
overdrive:883d9c2e-b18b-4f94-affe-cc35946e52ca-2Online OverDrive CollectionOnline OverDriveeAudiobookAudio Books3falsetrueOverDriveOverDrive MP3 Audiobook, OverDrive ListenChecked Out
hoopla:MWT12162308Online Hoopla CollectionOnline HooplaeAudiobookAudio Books1falsetrueHooplahttps://www.hoopladigital.com/title/12162308?utm_source=MARCAvailable Online
itype_catalogAdult Book Non-Fiction
last_indexed2022-05-18T09:55:13.742Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_catalog519.2 T143 2008
owning_library_catalogSacramento Public Library
owning_location_catalogCarmichael
Central
Colonial Heights
North Highlands-Antelope
primary_isbn9781400067930
publishDate2008
publisherAscent Audio
Gildan Media,
Random House Publishing Group
Random House,
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
ils:.b19360605BookBooks2nd edEnglishRandom House[2008]xlviii, 316 p. : ill. ; 25 cm
overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fceBookeBookEnglishRandom House Publishing Group2008
overdrive:883d9c2e-b18b-4f94-affe-cc35946e52caeAudiobookAudio BooksEnglishAscent Audio2008
hoopla:MWT12162308eAudiobookAudio BooksUnabridgedEnglishGildan Media20081 online resource (1 audio file (10hr., 07 min.)) : digital.
recordtypegrouped_work
scoping_details_catalog
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b19360605.i84647723Checked OutChecked Outfalsefalsetruetruefalsetrue0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 3911
ils:.b19360605.i84647759On ShelfOn Shelffalsetruetruetruefalsetrue0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 3911
ils:.b19360605.i84647747On ShelfOn Shelffalsetruetruetruefalsetrue0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 3911
ils:.b19360605.i84647735On ShelfOn Shelffalsetruetruetruefalsetrue0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 3911
overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc-2Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
overdrive:883d9c2e-b18b-4f94-affe-cc35946e52ca-2Checked OutChecked Outfalsefalsetruefalsefalsefalse
hoopla:MWT12162308Available OnlineAvailable Onlinefalsetruefalsefalsefalsefalse
seriesIncerto
series_with_volumeIncerto|
subject_facetChance
Chance -- Popular works
Investments
Probabilities -- Popular works
Random variables
title_displayFooled by randomness : the hidden role of chance in life and in the markets
title_fullFooled 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 / Nassim Nicholas Taleb
Fooled by randomness : the hidden role of chance in life and in the markets [electronic resource] / Nassim Nicholas Taleb
title_shortFooled by randomness
title_subthe hidden role of chance in life and in the markets
topic_facetBusiness
Chance
Finance
Investments
Nonfiction
Probabilities
Random variables