![]() We see the winners and try to learn from them, while forgetting the huge number of losers. Other misperceptions of randomness that are discussed include: So they look for explanations even when there are none. tend to view the world as more explainable than it really is.overestimate causality, e.g., they see elephants in the clouds instead of understanding that they are in fact randomly shaped clouds that appear to our eyes as elephants (or something else).They tend to explain random outcomes as non-random. Taleb sets forth the idea that modern humans are often unaware of the existence of randomness. The book is the first part of Taleb's multi-volume philosophical essay on uncertainty, titled the Incerto, which also includes The Black Swan (2007–2010), The Bed of Procrustes (2010–2016), Antifragile (2012), and Skin in the Game (2018). Updated editions were released a few years later. ![]() 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. ![]()
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