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

By: Material type: TextTextPublication details: London : Penguin Books, 2007.Description: xlvi, 316 p, ; 20 cmISBN:
  • 9780141031484
DDC classification:
  • 123.3 TAB.F
Summary: 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. From the author of international bestseller "The Black Swan", Nassim Nicholas Taleb's "Fooled by Randomness" is the bestselling account of the hidden role of chance in life and the markets. 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.
List(s) this item appears in: SLS, NOIDA LIBRARY, NEW ARRIVAL BOOKS APRIL DATE 30/04/2017
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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.
From the author of international bestseller "The Black Swan", Nassim Nicholas Taleb's "Fooled by Randomness" is the bestselling account of the hidden role of chance in life and the markets. 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.

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