zzap

28%
Flag icon
Middlebrow inference (inference stripped of probabilistic thinking) would lead one to believe that all new technologies and inventions would likewise revolutionize our lives. But the answer is not so obvious: Here we only see and count the winners, to the exclusion of the losers (it is like saying that actors and writers are rich, ignoring the fact that actors are largely waiters—and lucky to be ones, for the less comely writers usually serve French fries at McDonald’s).
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Rate this book
Clear rating