By Peter L. Bernstein
A company Week, long island instances company, and united states at the present time Bestseller
"Ambitious and readable . . . an enticing creation to the oddsmakers, whom Bernstein regards as precise humanists supporting to liberate mankind from the choke holds of superstition and fatalism." -The long island Times
"An terribly exciting and informative book." -The Wall highway Journal
"A vigorous panoramic ebook . . . opposed to the Gods units up an formidable premise after which supplies on it." -Business Week
"Deserves to be, and definitely might be, greatly read." -The Economist
"[A] demanding e-book, person who may possibly switch without end the best way humans take into consideration the world." -Worth
"No one else can have written a ebook of such valuable value with lots allure and excitement." -Robert Heilbroner writer, The Worldly Philosophers
"With his outstanding wisdom of the background and present manifestations of danger, Peter Bernstein brings us opposed to the Gods. not anything love it will pop out of the monetary global this 12 months or ever. I communicate rigorously: nobody should still omit it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard University
during this specific exploration of the position of threat in our society, Peter Bernstein argues that the proposal of bringing probability less than regulate is among the relevant principles that distinguishes sleek occasions from the far-off prior. opposed to the Gods chronicles the amazing highbrow experience that liberated humanity from oracles and soothsayers through the robust instruments of possibility administration which are on hand to us today.
"An super readable historical past of risk." -Barron's
"Fascinating . . . this demanding quantity can help you recognize the uncertainties that each investor needs to face." -Money
"A singular achievement." -Times Literary Supplement
"There's a becoming marketplace for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein may mingle good of their company." -The Australian
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Extra info for Against the Gods: The Remarkable Story of Risk
Note that the sequence produces a series of rectangles with the proportions of the golden mean. Then quarter-circle arcs connect the opposite corners of the squares, starting with the smallest squares and proceeding in sequence. Construction of an equiangular spiral using Fibonacci proportions. Begin with a 1-unit square, attach another 1-unit square, then a 2-unit square then a 2-unit square where it fits, followed by a 3-unit square where it fits and, continuing in the same 48 direction, attach squares of 5, 8, 13, 21, and 34 units and so on.
In addition, Omar Khayyam used technical mathematical observations to reform the calendar and to devise a triangular rearrangement of numbers that facilitated the figuring of squares, cubes, and higher powers of mathematics; this triangle formed the basis of concepts developed by the seventeenth-century French mathematician Blaise Pascal, one of the fathers of the theory of choice, chance, and probability. The impressive achievements of the Arabs suggest once again that an idea can go so far and still stop short of a logical 59 conclusion.
4. This entire paragraph is from Bolen, 1976. 41 5. Excellent background on all this may be found in David, 1962, pp. 2–21. 6. See David, 1962, p. 34. 7. Hayano, 1982. 8. Johnson, 1995. 9. See David, p. 2. 10. Sambursky, 1956, p. 36. 11. , p. 37. 12. , pp. 36–40. 13. Rabinovitch, 1969. 14. Frankfort, 1956; quoted in Heilbroner, 1995, p. 23. See also David, 1962, pp. 21–26. 15. See Eves, 1983, p. 136. 42 Chapter 2 As Easy as I, II, III Without numbers, there are no odds and no probabilities; without odds and probabilities, the only way to deal with risk is to appeal to the gods and the fates.
Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein