Fooled by randomness : the hidden role of chance in the markets and in life
This is a book about luck. More specifically, it is a book about how we perceive luck, twist it around and regard it as intention or purpose. It may have its roots firmly in the financial arena, but it also incorporates and explains the effects and repercussions of randomness in many varied fields.
XIX, 203 Seiten : Diagramme ; 24 cm
9781587990717, 1587990717
248332327
Part I: Solon's Warning - Skewness, Asymmetry, Induction One: If You're So Rich Why Aren't You So Smart? Two: A Bizarre Accounting Method Three: A Mathematical Meditation on History Four: Randomness, Nonsense, and the Scientific Intellectual Five: Survival of the Least Fit - Can Evolution Be Fooled by Randomness? Six: Skewness and Asymmetry Seven: The Problem of Induction Part II Eight: Too Many Millionaires Next Door Nine: It Is Easier to Buy and Sell Than Fry and Egg Ten: Loser Takes All - On the Nonlinearities of Life Eleven: Randomness and Our Brain: We Are Probability Blind Part III Twelve: Gamblers' Ticks and Pigeons in a Box Thirteen: Carneades Comes to Rome: On Probability and Skepticism Fourteen: Bacchus Abandons Antony Epilogue: Solon Told You So