![]() ![]() ![]() ![]() The flipside, which deserves to be considered as well (in fact it is even more of our concern), is that things that come with little help from luck are more resistant to randomness. That which came with the help of luck could be taken away by luck (and often rapidly and unexpectedly at that). See my notes below or Amazon for details and reviews. He summarizes best by suggesting we are all idiots who are mistake prone, but only a handful of us have the rare privilege of knowing it. Our tendency to favor the visible, narrated, and neat models, leads us to being fooled by randomness. He discusses concepts like Monte Carlo math, Russian roulette, the Pólya process, nonlinearity and the human brain, and Buridan's donkey. Taleb emphasizes how we tend to only accept randomness in our failures, never in our successes. Fooled by Randomness – by Nassim Nicholas Talebĭeep dive into the role of luck in the financial markets and life. ![]()
0 Comments
Leave a Reply. |