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

Taleb, Nassim. (Author). Pratt, Sean. (Added Author).

Summary: This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by randomness is now a cornerstone for anyone interested in random outcomes.

Record details

Physical Description: electronic resource
remote
Edition: 2nd ed., updated.
Publisher: Rego Park : Gildan Media, 2009.

Content descriptions

General Note:	Downloadable audio file. Title from: Title details screen. Unabridged. Duration: 10:03:28.
Formatted Contents Note:	Preface -- Acknowledgments for the updated second edition -- Chapter summaries -- Prologue -- pt. I. Solon's warning : skewness, asymmetry, induction -- 1. If you're so rich, why aren't you so smart? -- Nero Tulip -- Hit by lightning -- Temporary sanity -- Modus operandi -- No work ethics -- There are always secrets -- John the high-yield trader -- An overpaid hick -- The red-hot summer -- Serotonin and randomness -- You dentist is rich, very rich -- 2. A bizarre accounting method -- Alternative history -- Russian roulette -- Possible worlds -- An even more vicious roulette -- Smooth peer relations -- Salvation via aeroflot -- Solon visits Regine's nightclub -- George Will is no Solon : on counterintuitive truths -- Humiliated in debates -- A different kind of earthquake -- Proverbs galore -- Risk managers -- Epiphenomena -- 3. A mathematical mediation on history -- Europlayboy mathematics -- The tools -- Monte Carlo mathematics -- Fun in my attic -- Making history -- Zorglubs crowding the attic -- Denigration of history -- The stove is hot -- Skills in predicting past history -- My Solon -- Distilled thinking on your PalmPilot -- Breaking news -- Shiller redux -- Gerontocracy -- Philostratus in Monte Carlo : on the difference between noise and information -- 4. Randomness, nonsense, and the scientific intellectual -- Randomness and the verb -- Reverse turing test -- The father of all pseudothinkers -- Monte Carlo poetry -- 5. Survival of the least fit, can evolution be fooled by randomness? -- Carlos the emerging-markets wizard -- The good years -- Averaging down -- Lines in the sand -- John the high-yield trader -- The quant who knew computers and equations -- The traits they shared -- A review of market fools of randomness constants -- Naive evolutionary theories -- Can evolution be fooled by randomness? -- 6. Skewness and asymmetry -- The median is not the message -- Bull and bear zoology -- An arrogant twenty-nine-year-old son -- Rare events -- Symmetry and science -- Almost everybody is above average -- The rare-event fallacy -- The mother of all deceptions -- Why don't statisticians detect rare events? -- A mischievous child replaces the black balls -- 7. The problem of induction -- From Bacon to Hume -- Cygnus Stratus -- Nordhoff's -- Sir Karl's promoting agent -- Location, location -- Popper's answer -- Open society -- Nobody is perfect -- Induction and memory -- Pascal's wager -- Thank you, Solon.
Participant or Performer Note:	Read by Sean Pratt.
System Details Note:	Requires OverDrive Media Console (WMA file size: 144549 KB; MP3 file size: 283181 KB). Mode of access: World Wide Web.