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Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life

Posted on 2010-04-15




Name:Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life
ASIN/ISBN:1587990717
Publish Date:Company (October 2001)
Pages:220 pages
File size:8.6 Mb
ISBN: 1587990717
Pages: 220 pages
File Type: PDF
File Size: 8,6 Mb
Other Info: W. W. Norton & Company (October 2001)
   Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life

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Nassim Nicholas Taleb “Partial Differential Equations in Action: From Modelling to Theory "

In this look at financial luck, hedge fund manager Taleb (Dynamic Hedging) addresses the apparently irrational movement of money markets around the world. Using his own investing experience and examples of others' successes and disappointments, he discusses theories like Monte Carlo math (easy; considered cheating by purists) and the concept of Russian roulette. Taleb tells interesting, well-wrought stories about individual behavior: "While Nero has succeeded beyond his wildest dreams, both personally and intellectually, he is starting to consider himself as having missed a chance somewhere." While serious investors and mathematics enthusiasts will be intrigued, readers looking for practical investment strategies will be disappointed by this rambling intellectual discourse. Tables. 40,000-copy first printing; $150,000 marketing budget.

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