Fooled by Randomness : The Hidden Role
    Share
    Facebook
    Twitter
    Email
    Fooled by Randomness : The Hidden Role (English, Paperback, Nassim Nicholas Taleb)

    Fooled by Randomness : The Hidden Role  (English, Paperback, Nassim Nicholas Taleb)

    4.3
    143 Ratings & 20 Reviews
    286
    399
    28% off
    ?
    Seal of Quality & Speed
    • 6 Quality ChecksYou get exactly what you ordered
    • Fast & Free ShippingLakhs of products delivered within 2-4 days & Free Delivery*
    *on all orders above ₹500
  • Bank OfferExtra 5% off* on Axis Bank Buzz Credit Cards
    T&C
  • Bank OfferAdditional 10% Cashback* with Citi Credit and Debit Cards (Credited by 10th Aug, 2017)
    T&C
  • Delivery
    Tip: Verify your pincode for correct delivery details
    Check
      From Saved Addresses
      Recent History
    Loginto see your saved addresses
    • Usually delivered in 3-4 days. Enter pincode for exact delivery dates/charges
      ?

      Why is there a shipping charge for this item?

      Sellers with Flipkart Assured waive off the delivery charge for Orders over Rs 500. For Orders under Rs 500, a nominal delivery charge is added per item.

      Sellers without Flipkart Assured may or may not add a delivery charge to your Order. This is subject to Seller discretion.

      What is the estimated delivery time?

      Sellers generally procure and ship the items within the time specified on the product page. Business days exclude public holidays and Sundays.

      Estimated delivery time depends on the following factors:

      • The Seller offering the product
      • Product's availability with the Seller
      • The destination to which you want the order shipped to and the Seller's location

      Why does the delivery date not correspond to the delivery timeline of X-Y business days?

      It is possible that the Seller or our courier partners observe a holiday between the day you placed your order and the date of delivery, which is based on the timelines shown on the product page. In this case, we add a day to the estimated date. Some courier partners and Sellers do not work on Sundays and this is factored in to the delivery dates.

      What do the different tags like 'In Stock', 'Available' mean?

      'In Stock'

      Products‘In Stock’ are readily available with seller.

      'Available'

      Products listed as ‘In Stock’ are readily available with seller.

      'Preorder' or 'Forthcoming'

      The product is not released yet. You can however ‘book’ an order for this. Shipping happens only after the product launch.

      'Out of Stock'

      Currently, the item is not available for sale. Use the 'Notify Me' feature to know once it is available for purchase.

      'Imported'

      Sometimes, items have to be sourced by Sellers from outside India. These items are mentioned as 'Imported' on the product page and can take at least 10 days or more to be delivered to you.

      'Back In Stock Soon'

      The item is popular and is sold out. You can however 'book' an order for the product and it will be shipped according to the timelines mentioned by the Seller.

      'Temporarily Unavailable'

      The product is currently out of stock and is not available for purchase. The product could to be in stock soon. Use the 'Notify Me' feature to know when it is available for purchase.

      'Permanently Discontinued'

      This product is no longer available because it is obsolete and/or its production has been discontinued.

      'Out of Print'

      This product is not available because it is no longer published and has been permanently discontinued.

      Why does the estimated delivery time vary for each seller?

      Delivery times are influenced by product availability, geographic location of the Seller, your shipping destination and the courier partner's time-to-deliver to your location.

      Please enter your default pin code on the product page to know more accurate delivery times on the product page itself.

      Seller does not/cannot ship to my area. Why?

      Enter your pincode on the product page to know whether the product can be delivered to your location.

      If you haven't provided your pincode until the checkout stage, the pincode in your last used shipping address will be used to check for serviceability.

      Whether your location can be serviced or not depends on:

      • Whether the Seller actually ships to your location
      • Legal restrictions, if any, in shipping particular products to your location
      • The availability of reliable courier partners in your location

      At times Sellers prefer not to ship to certain locations. This is entirely at their discretion.

      More answers in our Shipping FAQs »

    Features
    • Language: English
    • Binding: Paperback
    • Publisher: Penguin Books Ltd
    • ISBN: 9780141031484, 0141031484
    Services
    • 10 Days Replacement Policy
      ?
      ValidityCoversType Accepted
      10 days from deliveryDamaged, Defective, Item not as describedReplacement

      If you have received a damaged or defective product or if it is not as described, you can raise a replacement request on the Website/App/Mobile site within 10 days of receiving the product.

      Successful pick-up of the product is subject to the following conditions being met:

      • Correct and complete product (with the original brand/product Id/undetached MRP tag/product's original packaging/freebies and accessories).
      • The product should be in unused, undamaged and original condition without any scratches or dents.

      Know more about the Return Policy here

    • Cash on Delivery available
      ?

      How do I place a Cash on Delivery (C-o-D) order?

      All items that have the 'Cash on Delivery Available' icon are valid for order by Cash on Delivery. Add the item(s) to your cart and proceed to checkout. When prompted to choose a payment option, select 'Pay By Cash on Delivery'. Enter the CAPTCHA text as shown, for validation. Once verified and confirmed, your order will be processed for shipment in the time specified, from the date of confirmation. You will be required to make a cash-only payment to our courier partner at the time of delivery of your order to complete the payment.

      Terms & Conditions

      • e-Gift Vouchers or Store Credit cannot be used for C-o-D orders.
      • Cash-only payment at the time of delivery.

        More answers in our Shipping FAQs »

    Description

    Fooled By Randomness: The Hidden Role Of Chance In The Markets And In Life explains in detail the theory of luck, our popular conception regarding luck and its applications in everyday life.

    Summary Of The Book

    Our lives and specifically the market are so full of random aspects and complex structures. Understanding the behaviour of markets and attributing specific reasons to its behaviour is totally impossible and sometimes a useless task. As the title explains, Taleb’s theory explains how all of us get fooled easily by randomness. Taleb goes on to elaborate how we misconstrue luck and skill. Wherever true luck plays a role, we assume it to be the work of individual skill. Most impressive situations in life are only due to luck, claims Taleb. He uses the theory of black swans (rare events) to propound his idea and says that black swans cannot be predicted.

    Taleb elucidates his theory through some popular examples using people like the baseball expert Yogi Berra, the philosopher Karl Popper, the ancient wise man Solon, the financier George Soros and the Greek voyager Odysseus. Most of all, journalists and traders fall for the randomness as well. In addition to real-life examples, Taleb also brings in the case of the fictitious hero Nero, who is smart enough to understand the play of randomness in his professional life, but is superstitiously foolish.

    Taleb also constructs an invincible, nameless fool who seems to be at the right place at the right time. The fool has a steady string of followers who are ready to do anything for their Guru. But, the fool’s actions cannot be imitated. His success is one obtained by chance.

    The most unexpected things will happen for sure. But, we become creatures of routine that we fail to identify it when it happens. Moreover, detecting risks and accepting them is done only by the emotional part of the brain. If we understand probability, then we can perceive the role of luck in everyday situations. The trick lies in recognizing it. Taleb says we must be aware of the trap that luck sets for us.

    How do we distinguish a lucky poseur from a far-sighted visionary? How do we read an incident? How do we decide whether it is luck or talent that made the person successful?

    Fooled By Randomness: The Hidden Role Of Chance In The Markets And In Life received wide recognition. Fortune named it as one of the smartest books of all time and the Financial Times termed it as the Book of the Year.

    About Nassim Nicholas Taleb

    Nassim Nicholas Taleb is an essayist, statistician and best-selling author.

    He is also the author of The Black Swan, The Bed of Procrustes: Philosophical and Practical Aphorisms and Antifragile: Things That Gain from Disorder.

    Taleb was born in 1960 in Amioun, Lebanon. He graduated from the University of Paris with a Bachelor’s degree in Science and also holds a Master’s degree from the same university. He also has an MBA and Ph.D from Wharton School and the University of Paris respectively. Taleb has taught at London Business School, New York University and presently teaches at Oxford University and the Polytechnic Institute of New York University.

    Read More
    Specifications
    Book Details
    • Imprint
      • Penguin
    Contributors
    • Author
      • Nassim Nicholas Taleb
    Dimensions
    • Width
      • 0.83 Inches (US)
    • Height
      • 7.8 Inches (US)
    • Length
      • 5.08 in
    • Weight
      • 269.0 Grams
    Frequently Bought Together
    Fooled by Randomness : The Hidden Role
    Fooled by Randomness : The Hidden Role
    4.3
    (143)
    286
    399
    28% off
    1 Item
    286
    1 Addon
    405
    Total
    691
    4.3
    143 Ratings
    20 Reviews
    • 5
       79
    • 4
       41
    • 3
       13
    • 2
       3
    • 1
       7
    Most Helpful 
    Positive 
    Negative 
    Most Recent 
    By Certified Buyers 
    4

    Good one

    extremely good book to understand wht life is and how randomness plays a role.
    READ MORE

    Chandan Pani

    Certified Buyer

    17 Mar, 2012

    1
    0
    Report Abuse
    4

    Smart and relevant

    Nassim's seminal follow up book to the Black Swan continues from where he left and goes on to explain the action or inaction caused by random events (volatility) on every day life esp. the markets.

    Sometimes it gets quite dense and others preachy. The trick is to remain focused and what emerges at the end is the cardinal principles to manage risks for what they actually are and to rely on instinct grounded in reality and not gut before taking that major decision.

    A must read for all trade...
    READ MORE

    Ramanathan S

    Certified Buyer

    14 Dec, 2011

    1
    2
    Report Abuse
    5

    Must Read Book!

    If you want to buy this book (have got a recommendation from someone, or are interested to go through it), then just buy and read it once. It definitely is worth reading!
    READ MORE

    Anugrah Nagaich

    Certified Buyer

    7 Jan, 2017

    5

    Great book

    This book is a classic read, the context is around how we keep deriving patterns from random events to build a correlation where none exists. The knowledge of maths will help in easier understanding of the various examples cited in the book. I have become particularly fond of the author's views after reading this book, and he certainly is an authority on subject of probability/ stochastic processes.
    Go read it, not for some understanding of a particular subject, but, to gain some very interes...
    READ MORE

    Vaibhav Bansal

    Certified Buyer

    3 Jan, 2016

    5

    This is where it all began...

    Naseem is an amazing author who can tie in statistics with Sociology, History with mathematics and make a coherent case for how easy it is to mistake randomness for luck. Books by Naseem belong to the genre which can change the way one thinks, and lives. Of course highly recommended.
    READ MORE

    S.G. Arun

    Certified Buyer

    20 Aug, 2015

    4

    Fooled by Randomness by Nassim Nicholas Taleb

    I learned about this book from the cover blurb of the author's other title the follow-up book, the Black Swan. In fact I was attracted to the title "Fooled by randomness" which I mistook to pre-guess what the author was trying to establish-the deceptive reality for randomness itself. For, personally, I am a determinist and I pick and choose my reading in keeping with this inclination. But the tone and tenor of the book turned out to be quite the contrary. I had read long back an essay in the ...
    READ MORE

    MAHADEVA SARMA

    Certified Buyer

    14 Jun, 2015

    5

    Superb Delivery

    I think out of all the e-retailers, Flipkart has maintained a highly professional standard. I appreciated their delivery and overall professionalism.

    I haven't read the book yet, but Mr. Taleb is quite the entertainer. I guess I may update this once I'm through.
    READ MORE

    Rijul Bhatia

    Certified Buyer

    8 Jan, 2015

    5

    Interesting read

    Very interesting thought process which has gone into the writing of this book. Must read for all businessmen.
    READ MORE

    PG

    Certified Buyer

    21 Jul, 2014

    5

    SMART

    "There are no underlying truths. The only truth is that whether you have a brain and it works!"

    Taleb made the best effort to prove the above statement by picking up loads of examples related to financial trading, statistics, applied economics, and psychology at large.

    It's all like 'False Positive' & 'False Negative'
    READ MORE

    Debolina Das

    Certified Buyer

    4 Jul, 2014

    4

    Good But Disconnected

    In one line my personal opinion about the author:"OSHO of the business World"

    Although I often pondered on many of his theories....even before I got my hands on this book....still I believe that not all things can be explained by a simple mathematics (probability)....there always is a good undercurrent of qualitative aspects that often makes the outer probability curve to look skewed...!!!
    READ MORE

    Sameer Saurabh

    Certified Buyer

    2 Jun, 2014

    +
    View all 20 reviews
    Safe and Secure Payments. Easy returns. 100% Authentic products.
    Back to top