Fooled by Randomness: The Hidden Role of Chance
Nassim Taleb's first Incerto book on how luck passes for skill - survivorship bias, skewed bets and noise - essential thinking for value bettors.
4.0 / 5
★★★★★ ★★★★★ Highly recommended
Strengths
- Memorable, story-led explanations of survivorship bias and regression to the mean
- Clear warning about bets that win often but lose catastrophically - directly relevant to staking
- Encourages thinking across alternative outcomes rather than judging by results alone
Watch outs
- Loosely structured, with frequent digressions and anecdotes
- Taleb's combative, self-regarding tone puts some readers off
- Little new for readers already versed in statistics or behavioural economics
- Author Nassim Nicholas Taleb
- Format Paperback (Penguin UK edition)
- Publisher Penguin
- Pages 368
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- Author
- Nassim Nicholas Taleb
- Format
- Paperback (Penguin UK edition)
- Publisher
- Penguin
- Pages
- 368
- Paperback publication
- 19 July 2007
- ISBN-13
- 9780141031484
- First published
- 2001 (TEXERE); revised second edition 2004
- Series
- Incerto, volume 1 (followed by The Black Swan, The Bed of Procrustes, Antifragile, Skin in the Game)