Download or read book Key Ideas on Randomness written by IntroBooks Team and published by IntroBooks. This book was released on with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: How many people think about this idea that whatever they have achieved in their lives can be partly because of the random events that just happened to be in favor of them? Not a lot. The thing is, people are yet to accept that a big part of their lives is governed by one or a few random factors at a time. And the nature of those random factors could be different in any situation. That is why it is very important to understand the implications and methodologies of randomness. How exactly that randomness works? All the answers are here. There is a possibility of different things that can happen at different times. But why does one thing that happens over-powers everything else that could have happened? Even all the accumulated wealth and riches of the people could be due to the presence of good luck in their lives.
Download or read book Fooled by Randomness written by Nassim Nicholas Taleb and published by Random House. This book was released on 2008-10-14 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year
Download or read book Key Ideas on Randomness written by Introbooks and published by . This book was released on 2020-01-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: How many people think about this idea that whatever they have achieved in their lives can be partly because of the random events that just happened to be in favor of them? Not a lot. The thing is, people are yet to accept that a big part of their lives is governed by one or a few random factors at a time. And the nature of those random factors could be different in any situation. That is why it is very important to understand the implications and methodologies of randomness.How exactly that randomness works? All the answers are here.There is a possibility of different things that can happen at different times. But why does one thing that happens over-powers everything else that could have happened? Even all the accumulated wealth and riches of the people could be due to the presence of good luck in their lives.
Download or read book The Great Mental Models Volume 1 written by Shane Parrish and published by Penguin. This book was released on 2024-10-15 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.
Download or read book Randomness written by Deborah J. Bennett and published by Harvard University Press. This book was released on 2009-07-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the ancients' first readings of the innards of birds to your neighbor's last bout with the state lottery, humankind has put itself into the hands of chance. Today life itself may be at stake when probability comes into play--in the chance of a false negative in a medical test, in the reliability of DNA findings as legal evidence, or in the likelihood of passing on a deadly congenital disease--yet as few people as ever understand the odds. This book is aimed at the trouble with trying to learn about probability. A story of the misconceptions and difficulties civilization overcame in progressing toward probabilistic thinking, Randomness is also a skillful account of what makes the science of probability so daunting in our own day. To acquire a (correct) intuition of chance is not easy to begin with, and moving from an intuitive sense to a formal notion of probability presents further problems. Author Deborah Bennett traces the path this process takes in an individual trying to come to grips with concepts of uncertainty and fairness, and also charts the parallel path by which societies have developed ideas about chance. Why, from ancient to modern times, have people resorted to chance in making decisions? Is a decision made by random choice fair? What role has gambling played in our understanding of chance? Why do some individuals and societies refuse to accept randomness at all? If understanding randomness is so important to probabilistic thinking, why do the experts disagree about what it really is? And why are our intuitions about chance almost always dead wrong? Anyone who has puzzled over a probability conundrum is struck by the paradoxes and counterintuitive results that occur at a relatively simple level. Why this should be, and how it has been the case through the ages, for bumblers and brilliant mathematicians alike, is the entertaining and enlightening lesson of Randomness.
Download or read book Abrahamic Reflections on Randomness and Providence written by Kelly James Clark and published by Springer Nature. This book was released on 2021-09-27 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book addresses the question of how God can providentially govern apparently ungovernable randomness. Medieval theologians confidently held that God is provident, that is, God is the ultimate cause of or is responsible for everything that happens. However, scientific advances since the 19th century pose serious challenges to traditional views of providence. From Darwinian evolution to quantum mechanics, randomness has become an essential part of the scientific worldview. An interdisciplinary team of Muslim, Christian and Jewish scholars—biologists, physicists, philosophers and theologians—addresses questions of randomness and providence.
Download or read book The Money Game written by Adam Smith and published by . This book was released on 1968 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exploring RANDOMNESS written by Gregory J. Chaitin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essential companion to Chaitin's successful books The Unknowable and The Limits of Mathematics, presents the technical core of his theory of program-size complexity. The two previous volumes are more concerned with applications to meta-mathematics. LISP is used to present the key algorithms and to enable computer users to interact with the authors proofs and discover for themselves how they work. The LISP code for this book is available at the author's Web site together with a Java applet LISP interpreter. "No one has looked deeper and farther into the abyss of randomness and its role in mathematics than Greg Chaitin. This book tells you everything hes seen. Don miss it." John Casti, Santa Fe Institute, Author of Goedel: A Life of Logic.'
Download or read book Algorithmic Randomness and Complexity written by Rodney G. Downey and published by Springer Science & Business Media. This book was released on 2010-10-29 with total page 883 pages. Available in PDF, EPUB and Kindle. Book excerpt: Computability and complexity theory are two central areas of research in theoretical computer science. This book provides a systematic, technical development of "algorithmic randomness" and complexity for scientists from diverse fields.
Download or read book What Is Random written by Edward Beltrami and published by Springer Nature. This book was released on 2020-07-30 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fascinating book, mathematician Ed Beltrami takes a close enough look at randomness to make it mysteriously disappear. The results of coin tosses, it turns out, are determined from the start, and only our incomplete knowledge makes them look random. "Random" sequences of numbers are more elusive, but Godels undecidability theorem informs us that we will never know. Those familiar with quantum indeterminacy assert that order is an illusion, and that the world is fundamentally random. Yet randomness is also an illusion. Perhaps order and randomness, like waves and particles, are only two sides of the same (tossed) coin.
Download or read book How to Make Sense of Statistics written by Stephen Gorard and published by SAGE. This book was released on 2021-02-10 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a new textbook designed for students new to statistics and social data, Stephen Gorard focuses on non-inferential statistics as a basis to ensure students have basic statistical literacy. Understanding why we have to learn statistics and seeing the links between the numbers and real life is a crucial starting point. Using engaging, friendly, approachable language this book will demystify numbers from the outset, explaining exactly how they can be used as tools to understand the relationships between variables. This text assumes no previous mathematical or statistical knowledge, taking the reader through each basic technique with step-by-step advice, worked examples, and exercises. Using non-inferential techniques, students learn the foundations that underpin all statistical analysis and will learn from the ground up how to produce theoretically and empirically informed statistical results.
Download or read book Ten Great Ideas about Chance written by Persi Diaconis and published by Princeton University Press. This book was released on 2019-10-08 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the sixteenth and seventeenth centuries, gamblers and mathematicians transformed the idea of chance from a mystery into the discipline of probability, setting the stage for a series of breakthroughs that enabled or transformed innumerable fields, from gambling, mathematics, statistics, economics, and finance to physics and computer science. This book tells the story of ten great ideas about chance and the thinkers who developed them, tracing the philosophical implications of these ideas as well as their mathematical impact.
Download or read book The Click Moment written by Frans Johansson and published by Penguin. This book was released on 2012-08-30 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the story of every great company and career, there is one defining moment when luck and skill collide. This book is about making that moment happen. According to Frans Johansson’s research, successful people and organizations show a common theme. A lucky moment occurs and they take advantage of it to change their fate. Consider how Diane von Furstenberg saw Julie Nixon Eisenhower on TV wearing a matching skirt and top, and created the timeless, elegant wrap-dress. That was a “click moment” of unexpected opportunity. Johansson uses stories from throughout history to illustrate the specific actions we can take to create more click moments, place lots of high-potential bets, open ourselves up to chance encounters, and harness the complex forces of success that follow.
Download or read book Fooled by Randomness written by Nassim Nicholas Taleb and published by Random House. This book was released on 2008-10-14 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. PRAISE FOR FOOLED BY RANDOMNESS: Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.” –Malcolm Gladwell, author of Blink “The book that rolled down Wall Street like a hand grenade.” –Maggie Mahar, author of Bull! A History of the Boom, 1982—1999 “Fascinating . . . Taleb will grab you.” –Peter L. Bernstein, author of Capital Ideas Evolving “Recalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.” –Michael Schrage, author of Serious Play: How the World’s Best Companies Simulate to Innovate “We need a book like this. . . . Fun to read, refreshingly independent-minded.” –Robert J. Shiller, author of Irrational Exuberance “Powerful . . . loaded with crackling little insights [and] extreme brilliance.” –National Review
Download or read book Randomnicity written by Anastasios A. Tsonis and published by World Scientific. This book was released on 2008 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book explores the definition, sources and role of randomness. A joyful discussion with many non-mathematical and mathematical examples leads to the identification of three sources of randomness: randomness due to irreversibility which inhibits us from extracting whatever rules may underlie a process, randomness due to our inability to have infinite power (chaos), and randomness due to many interacting systems. Here, all sources are found to have something in common: infinity. The discussion then moves to the physical system (our universe). Through the quantum mechanical character of small scales, the second law of thermodynamics and chaos, randomness is shown to be an intrinsic property of nature ? this is consistent with the three sources of randomness identified above. Finally, an explanation is given as to why rules and randomness cannot exist by themselves, but instead have to coexist. Many examples are presented, ranging from pure mathematical to natural and social processes, that clearly demonstrate how the combination of rules and randomness produces the world we live in.
Download or read book Kolmogorov Complexity and Algorithmic Randomness written by A. Shen and published by American Mathematical Soc.. This book was released on 2017-11-02 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking at a sequence of zeros and ones, we often feel that it is not random, that is, it is not plausible as an outcome of fair coin tossing. Why? The answer is provided by algorithmic information theory: because the sequence is compressible, that is, it has small complexity or, equivalently, can be produced by a short program. This idea, going back to Solomonoff, Kolmogorov, Chaitin, Levin, and others, is now the starting point of algorithmic information theory. The first part of this book is a textbook-style exposition of the basic notions of complexity and randomness; the second part covers some recent work done by participants of the “Kolmogorov seminar” in Moscow (started by Kolmogorov himself in the 1980s) and their colleagues. This book contains numerous exercises (embedded in the text) that will help readers to grasp the material.
Download or read book Randomness in Evolution written by John Tyler Bonner and published by Princeton University Press. This book was released on 2013-03-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Tyler Bonner here challenges a central tenet of evolutionary biology.
