Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

By Sally Melissa Gainsbury. International Gambling Studies, 2010

243 citations recorded by the source corpus.

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Cognitive biases potentially affecting judgement of global risks (2008, background): “Taleb (2001) gives the example of a trader whose strategy worked for six years without a single bad quarter, yielding close to $80 million - then lost $300 million in a single catastrophe.”
Big Data Research in Information Systems: Toward an Inclusive Research Agenda (2016, background): “Somewhat related to chaos is black swan theory, which focuses on highly improbable or surprising, high-impact events that are often incorrectly rationalized in hindsight (Taleb, 2005, 2007).”
Rationalities of ignorance: on financial crisis and the ambivalence of neo-liberal epistemology (2012, background): “…well as in the warnings leading up to the crisis, has been to point out that too many financial traders were beginning to mistake their economic models for economic reality, allowing tidy representations of risk to stand in the way of messy situations of uncertainty (see Taleb, 2004; Tett, 2009).”
Global Catastrophic Risks (2008, background): “Taleb(2001) gives the example of a trader whose strategy worked for 6 years without a single bad quarter, yielding close to $80 million – then lost $300 million in a single catastrophe.”