I read Antifragile first, followed by Black Swan, Bed of Procrustes and did not finish Fooled by Randomness. It was however a very engrossing book written in a lucid and conversational style, with historical events and everyday situations used freely to … I picked up Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Nicholas Taleb, on the recommendation of a mathematician (Vipul Naik, my son).I was expecting a heavy treatise on economics and statistics. All you need to reject the bell curve is for such a ... Chapter 3. Book summary: Fooled by Randomness by Nassim Nicholas Taleb Ashish on November 6, 2017. It was first published in 2001. Fooled By Randomness: Chapters 7 and 8 The following summary was written by Frank Voisin, who regularly writes for Frankly Speaking . (Chapters 1–7 of the summary correspond to these topics.) Probability. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge. The first two parts of the book contain its core ideas, moving from (1) the ways we domesticate randomness to (2) the reasons why prediction is impossible to (3) humans’ best options when it comes to uncertainty. Fooled by Randomness Summary by Nassim Nicholas Taleb gives you tips and instructions to avoid becoming a victim of unexpected events. Scalability means that there is no headwind slowing you down. Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther's ninety-nine theses were to the Catholic Church." . Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. Updated editions were released a few years later. . Incerto 4-book bundle : fooled by randomness the black swan the bed of procrustes antifragile Taleb, Nassim Nicholas. The uneasy balance between these worlds is shattered when Starr witnesses the fatal shooting of her childhood best friend Khalil at the hands of a police officer. I found this book less practical than Antifragile, but it lays a conceptual groundwork for Black Swan and Antifragile to “warm you up” for his next books. Recently, Frank sold four restaurants and returned to school to complete a combined LLB/MBA. Updated editions were released a few years later. Sixteen-year-old Starr Carter moves between two worlds: the poor neighborhood where she lives and the fancy suburban prep school she attends. Read More on Amazon Get My Searchable Collection of 200+ Book Notes. High-Level Thoughts. It was first published in 2001. Chapter 7. Professor Pearson Goes to Monte Carlo (Literally): Randomness Does Not Look Random! My advice about reading these books is to read each of them more than once except Fooled by Randomness. A Second Lesson in Epistemology from Fat Tony: The Soviet-Harvard Illusion, or How to Out-Argue ... larger mental biases that make us underestimate randomness, overestimate the explainability of things, overvalue information, fall for the narrative fallacy, be suckers for the Black Swan, and many Fooled by Randomness by Nassim Nicholas Taleb. Fooled by Randomness is a treaty on the fallibility of human cognition, particularly focusing on the often underestimated roles that chance and randomness play in our lives. Rating: 8/10. ... likely breakdown as 7 feet each, not 2 feet and 12 feet; not even 8 feet and 6 feet! Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge. The book talks about randomness, associated maths, and the psychological biases which interfere in a more stochastic approach to thinking about life. you that the bell curve is meaningless as a description of the randomness in currency fluctuations. [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.” – Malcolm Gladwell, The New Yorker “Fascinating .