Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
9 hrs. 54 min.
Language
Russian
Author
Nassim Nicholas Taleb
Author
Nassim Nicholas Taleb
Narrator
Vladimir Rybalchenko
Narrator
Vladimir Rybalchenko
Description
The theme of randomness, luck, chances, uncertainty, probability, human errors, risk, and decision-making in an unpredictable world is explored deeply by successful trader, mathematician, and philosopher Nassim Taleb. He prepares us for a достойне response to challenges and unexpected events of any kind.
According to Taleb, probability is not just the calculation of odds, as when throwing dice, but an acknowledgment of the absence of complete confidence in our knowledge and the development of methods for dealing with our ignorance. Outside the walls of textbooks and casinos, probability rarely appears as a mathematical problem or puzzle. Nature won’t tell you how many pockets a roulette table has, and it won’t be framed in an academic style— in real life, you have to find the problem first before looking for its solution. Probabilistic thinking underlying his book implies that if outcomes changed, the world would be different too.
According to Taleb, probability is not just the calculation of odds, as when throwing dice, but an acknowledgment of the absence of complete confidence in our knowledge and the development of methods for dealing with our ignorance. Outside the walls of textbooks and casinos, probability rarely appears as a mathematical problem or puzzle. Nature won’t tell you how many pockets a roulette table has, and it won’t be framed in an academic style— in real life, you have to find the problem first before looking for its solution. Probabilistic thinking underlying his book implies that if outcomes changed, the world would be different too.
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