Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Nassim Nicholas Taleb
What notable people said about the book
“Mild success can be explainable by skills and labor. Wild success is attributable to variance.”
— iz knjige
About the book
Mathematician and former options trader Nassim Taleb, in his first influential work, explores how the human mind systematically underestimates the role of chance in life and in markets. Using examples from finance, he shows how we often perceive successful individuals as brilliant strategists, when in fact statistical luck — rarely recognized as such — is doing the work. The book introduces ideas about being “fooled” by patterns and narratives that Taleb would later expand in his more famous work, “The Black Swan.” First published in 2001, it has become a classic of popular writing on risk and uncertainty.
