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


Affiliations

  • Food and Civil Supply, Lucknow, Uttar Pradesh, India
  • University of Veterinary Sciences, Bangalore, India

Abstract

Nassim Nicholas Taleb as his name indicates has a complex origin: Greek-Turkish probably, domiciled in the U.S. No wonder, chance becomes the hero of his life. The survivor wins the bet. There is little scope for planning or for direction. Still Taleb admittedly made money in the Wall Street. Is it only chance or clever observation coupled with scrupulous risk aversion? One would never know from the book. Because this charming book is about neither markets nor chance, and money is kept at a place where it should be. It is about Taleb's love of philosophy, mathematics and literature. How love of knowledge can transcend the narrow streets of super-specialisation and embrace a classicist view is what he is trying to tell us in the book.

Subject Discipline

Political Science

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