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5 in stock

Fooled By Randomness

৳ 1,200

5 in stock

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    Additional Information

    Weight0.269 kg
    Author

    Nassim Nicholas Taleb

    Publisher

    Penguin

    Book Type

    Intellect, Non-Fiction, Undergrad-Grad

    Categories

    Finance & Economics, Philosophy

    Best for

    for individuals involved in investing and trading by highlighting the role of randomness and uncertainty in financial markets.

    Ages

    18+

    Binding

    Paperback

    Edition

    Latest edition (3 May 2007)

    ISBN

    978-0141031484

    Language

    English

    Pages

    269

    Printing Remarks

    Imported

    Dimension

    12.9 x 2.1 x 19.8 cm

    Weight

    0.269 kg

    Description

    “Fooled by Randomness” not only critiques the financial industry’s reliance on flawed models but also serves as a broader meditation on the human tendency to construct narratives to explain outcomes. Taleb introduces the concept of “black swans” – rare, unpredictable events with profound consequences – urging readers to prepare for the unexpected rather than assuming predictability in complex systems. The book’s enduring relevance lies in its ability to provoke introspection about decision-making processes, encouraging individuals to cultivate humility, resilience, and an awareness of the role randomness plays in shaping our lives and the world around us.

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    About

    Nassim Nicholas Taleb’s “Fooled by Randomness” is a thought-provoking exploration of the role randomness plays in our lives, particularly in the context of financial markets and decision-making. Taleb, a former options trader and risk analyst, challenges the conventional wisdom that often attributes success or failure solely to skill or incompetence. The book delves into the psychological and cognitive biases that lead individuals to misinterpret random events as patterns, leading to misguided attributions of cause and effect. Taleb’s narrative is both philosophical and practical, urging readers to embrace uncertainty and recognize the inherent unpredictability of life.