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Description:

Finally in paperback, the word-of-mouth sensation that will change the way you think about the markets and the world. This book is about luck: more precisely how we perceive luck in our personal and professional experiences.

Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of business–Fooled by Randomness is an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.

Content:

Prologue
1. If you're so rich why aren't you so smart?
2. A bizarre accounting method
3. A mathematical meditation on history
4. Randomness, nonsense, and the scientific intellectual
5. Survival of the least fit - can evolution be fooled by randomness?
6. Skewness and Asymmetry
7. The problem of induction
8. Too many millionaires next door
9. It is easier to buy and sell than fry an egg
10. Loser takes all - on the nonlinearities of life
11. Randomness and our brain: we are probability blind
12. Gamblers' ticks and pigeons in a box
13. Carneades comes to Rome: on probability and skepticism
14. Bacchus abandons antony
Epilogue: Solon told you so