Science Fair Project Encyclopedia
Fooled by Randomness
Nassim Nicholas Taleb authored the book Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. In 2001, TEXERE LLC published the first edition of Fooled. In 2004, TEXERE published the revamped second edition.
In the second edition (and most likely the first edition, as well), Taleb supposedly sets forth the idea that modern humans, as he observed them,
- overestimated causality, and
- tended to view the world as more explainable than it really was.
Last updated: 10-20-2005 19:07:48
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details