Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life
This book is about luck -- or more precisely how we perceive and deal with luck in business and life. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill -- the world of trading -- Fooled by Randomness is a captivating insight into one of the least understood factors in all our lives. Writing in an entertaining and narrative style, the author succeeds in tackling and explaining three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern world.
Dynamics of Gambling: Origins of Randomness in Mechanical SystemsThis monograph presents a concise discussion of the dynamics of mechanical randomizers (coin tossing, die throwing and roulette). The authors derive the equations of motion, also describing collisions and body contacts.
Complexity & Chaos By Roger White Narrated By Edwin Newman Roger White's discourse exists so far on the fringe of common knowledge that perhaps only a dozen people might understand it--and 11 of them could be lying. It talks of a conceptual revolution having its roots in four separate domains: fractals, chaos, self-organization, and emergent computation. Edwin Newman's calm narration handles the complex jargon with ease, and he sounds like he understands difficult concepts like the laws of thermodynamics.
Newtonian physics described a regular, clock-like world of forces and reaction; randomness was equated with incomplete knowledge. But scientists in the late twentieth century have found patterns in things formerly thought to be “chaotic”; their theories help explain the unstable, irregular, yet highly structured features of everyday experience. It now seems likely that randomness and chaos play an essential role in the evolution of the living world—and in intelligence itself.
The Science and Discovery series recreates one of history's most successful journeys—four thousand years of scientific efforts to better understand and control the physical world. Science has often challenged and upset conventional wisdom or accepted practices; this is a story of vested interests and independent thinkers, experiments and theories, change and progress. Aristotle, Copernicus, Kepler, Galileo, Newton, Darwin, Einstein, and many others are featured.
Complexity & Chaos
