July 10, 2006

Fooled by Randomness (Nassim Nicholas Taleb)

[Books_] I read this on Feyzu's recommendation, highly recommended. A wall street person's perspective on uncertainty and how people are misled by it. The probability concepts are elementary but certainly important and generally under-appreciated by professionals and the public. There is a lot of hostility towards economists, especially financial economists which adds spice. (I seem to like books whose authors have the self confidence to attack well respected fields, persons: The history of pi and A different universe being other examples).
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