Fooled by Randomness

Fooled by Randomness PDF Author: Nassim Nicholas Taleb
Publisher: Random House
ISBN: 1588367673
Category : Business & Economics
Languages : en
Pages : 369

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Book 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

Fooled by Randomness

Fooled by Randomness PDF Author: Nassim Nicholas Taleb
Publisher: Random House
ISBN: 1588367673
Category : Business & Economics
Languages : en
Pages : 369

Get Book Here

Book 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

Accidentally Fooled

Accidentally Fooled PDF Author: Lisa Papademetriou
Publisher: Scholastic Inc.
ISBN: 0545055822
Category : Juvenile Nonfiction
Languages : en
Pages : 195

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Book Description
Seventh-grader Amy Flowers is not happy that she is stuck teaching health to first-graders for her service project while her best friends get to help at the community garden, specially since her partners are the Queen of Mean Fiona and preppie Preston.

America Fooled

America Fooled PDF Author: Timothy Scott
Publisher: Argo Publishing, LLC
ISBN: 9780977307500
Category : Consumer education
Languages : en
Pages : 540

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Book Description
"Discusses the chemical imbalance theory, pharmaceutical company ties with the FDA, deceptive designs of antidepressant drug studies, dangers of antidepressants, and how to avoid depression"--Publisher's description.

Fooled Again

Fooled Again PDF Author: Mark Crispin Miller
Publisher: Basic Books
ISBN: 0465007686
Category : Political Science
Languages : en
Pages : 514

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Book Description
For Republicans, the 2004 presidential election was little short of miraculous: Behind in the Electoral College tally in the days leading up to the election, behind even on the very afternoon of the vote, the Bush ticket staged a stunning comeback. The exit polls, usually so reliable, turned out to be wrong by an unprecedented 5 percent in the swing states. Conservatives argued-and the media agreed-that "moral values" had made the difference. In his new book renowned critic and political commentator Mark Crispin Miller argues that it wasn't moral values that swung the election-it was theft. While the greatest body of evidence comes from the key state of Ohio-where the Democratic staff of the House Judiciary Committee found an extraordinary onslaught of Republican-engineered vote suppression, election-day irregularities, old-fashioned intimidation tactics, and illegal counting procedures-similar practices (and occasionally worse ones) were applied in Florida, Oregon, Pennsylvania, New Mexico, Nevada, Arizona, and even New York. A huge array of anomalies, improper practices, and blatant violations of the law all, by a truly remarkable coincidence, happened to swing in the Bush ticket's favor. This pattern-not one overwhelming fraud but thousands of little ones-is, in Miller's view, the new Republican electoral strategy. This incendiary new book presents massive documentation that the election was stolen and describes the mind-set, among both the major parties and the media, that could permit it to happen again.

Fooled by Randomness

Fooled by Randomness PDF Author: Nassim Nicholas Taleb
Publisher: Editeurs divers USA
ISBN: 0399590455
Category : Business & Economics
Languages : en
Pages : 1570

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Book Description
Nassim Nicholas Taleb's landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don't understand, in nonoverlapping and standalone books. All four volumes--Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed of Procrustes, updated with more than 50 percent new material--are now together in one boxed set. ANTIFRAGILE "Startling . . . richly crammed with insights, stories, fine phrases and intriguing asides."--The Wall Street Journal Just as human bones get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility, and turmoil. What Taleb has identified and calls "antifragile" is that category of things that not only gain from chaos but need it in order to survive and flourish. The resilient resists shocks and stays the same; the antifragile gets better and better. What is crucial is that the antifragile loves errors, as it incurs small harm and large benefits from them. Spanning politics, urban planning, war, personal finance, economic systems, and medicine in an interdisciplinary and erudite style, Antifragile is a blueprint for living in a Black Swan world. THE BLACK SWAN "[A book] that altered modern thinking."--The Times (London) A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random and more predictable. The astonishing success of Google was a black swan; so was 9/11. In this groundbreaking and prophetic book, Taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet we--especially the experts--are blind to them. FOOLED BY RANDOMNESS "[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther's ninety-five theses were to the Catholic Church."--Malcolm Gladwell, The New Yorker Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? Fooled by Randomness is about luck: more precisely, about 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 markets--Fooled by Randomness is an irreverent, eye-opening, and endlessly entertaining exploration of one of the least understood forces in our lives. THE BED OF PROCRUSTES "Taleb's crystalline nuggets of thought stand alone like esoteric poems."--Financial Times This collection of aphorisms and meditations expresses Taleb's major ideas in ways you least expect. The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical views of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.

I Fooled You

I Fooled You PDF Author: Johanna Hurwitz
Publisher: Candlewick Press
ISBN: 0763637890
Category : Juvenile Fiction
Languages : en
Pages : 193

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Book Description
A treasury of ten stories featuring characters that fool others includes contributions by such authors as David A. Adler, Eve B. Feldman, and Michelle Knudsen.

Summary: Fooled Again

Summary: Fooled Again PDF Author: BusinessNews Publishing,
Publisher: Primento
ISBN: 2511000806
Category : Political Science
Languages : en
Pages : 18

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Book Description
The must-read summary of Mark Crispin Miller's book: "Fooled Again: How the Right Stole the 2004 Election and Why They'll Steal the Next One Too (Unless We Stop Them)". This complete summary of "Fooled Again" by Mark Crispin Miller, a media studies professor and activist for media reform, shows that the presidential election of 2004 was marked by mass quantities of irregularities – machine malfunctions, logistical misinformation, bureaucratic red tape and overt partisan harassment. In his book, the author explains that all of these seemed to hamper the Democratic vote, and leave the Republican vote unaffected. In addition to this, the press remained oddly silent. This summary demonstrates how this form of "electoral fraud" is the reason for the outcome in 2004 and constitutes the new Republican strategy. Added-value of this summary: • Save time • Understand how electoral fraud may have changed the outcome of the 2004 presidential election • Expand your knowledge of American politics To learn more, read "Fooled Again" and discover the dark secret behind the Bush administration's electoral success and how the media may have abetted it.

Fooled by the Winners

Fooled by the Winners PDF Author: David Lockwood
Publisher: Greenleaf Book Group
ISBN: 1626348812
Category : Social Science
Languages : en
Pages : 317

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Book Description
Fooled by the Winners will change the way you think about the stock market, health care, global warming, diets, lotteries, restaurants, and your siblings. It will reshape your perspective of the past and give you a clearer view of the future. Fooled by the Winners is a book about survivor bias, the cognitive error of focusing on the winners, the successes, and the living. But in many instances, we can learn more from those who have lost, failed, or died. After reading this book, you will understand how survivor bias is often used to deceive us. You will learn how to stop paying for financial services that promise more than they deliver, for health care that doesn’t make us healthier, for diets that don’t make us slimmer, and for advice books that don’t offer good advice. You will also come away with a different view of our past, including our perilous evolutionary journey and how history has often been written by the winners. You will come to understand how we are fooled by the winners in warfare, such as in the deployment of nuclear weapons and the most famous example of survivor bias—the missing Allied bombers of WWII. Previous studies of survivor bias have been inaccessible to most, housed in formula-laden statistical journals. But you won’t find any math or technical jargon here. David Lockwood, a former member of the faculty of the Graduate School of Business at Stanford University, applies the concept of survivor bias to specific, real-world examples—minus the equations. Through compelling analysis and the real-life stories, this book demonstrates the deceptive influence of survivor bias in our daily lives and on our thinking.

When Angels Fooled the World

When Angels Fooled the World PDF Author: Charles Fenyvesi
Publisher: Univ of Wisconsin Press
ISBN: 9780299188405
Category : History
Languages : en
Pages : 356

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Book Description
In the years of Nazi occupation of Hungary, Hungarian Jews referred to their Gentile rescuers as "angels" -- these seemingly ordinary men and women could hardly explain their actions. "I did what I had to do almost unconsciously," said Lutheran Pastor Gabor Sztehlos. Scrawny Mr. Kanalas, a disreputable janitor, could chase away Nazi thugs without hesitation--where did such behavior come from and why? Erzesebet David was a weak and indecisive woman--where did she find the will to forge Christian birth certificates? Charles Fenyvesi and members of his family were on the helped by these angels. Thousands of others were helped by Raoul Wallenberg, the Swedish consul whose actions surprised many who knew him. Fenyvesi writes as a historian and beneficiary of these modest angels who, with their actions in a time of absolute terror, soared while others crawled.

You Won't Get Fooled Again

You Won't Get Fooled Again PDF Author: Conner O'Seanery
Publisher: The FingerTip Press
ISBN: 9780973927702
Category : Family & Relationships
Languages : en
Pages : 148

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Book Description
Catalogs the lies found in daily life, paying particular attention to the falsehood-filled occasions, such as business negotiations, job interviews, used car shopping, and more. This work covers identifying characteristics of liars, including gender differences, verbal slips and physical tics, and evidence of confused thinking.