Nassim Taleb’s Fooled by Randomness is about “luck disguised and perceived as non-luck (that is, skills) and, more generally, randomness disguised and perceived as non-randomness (that is, determinism).” It’s an enlightening read in its entirety, but here are 5 things that I find worth sharing with you guys from the book. 1. Beware the Hindsight Bias … Continue reading 5 Things I Learned From Fooled by Randomness
Tag: nassim taleb
The Illusion of Understanding
Over the years, I have observed that there are many people who like to fabricate stories in order to make sense of what is happening in the world. Philosopher Nassim Taleb also introduced this notion called "narrative fallacy". He said that we humans like to fool ourselves by constructing flimsy accounts of the past and … Continue reading The Illusion of Understanding