1. Ideas from the book “Fooled by Randomness.” There are many ideas that boil down to the fact that we often mistake randomness for a pattern.
I was not aware of Taleb until you posted all his books which to me is a must-read considering that one of his books Fooled by Randomness was picked by Fortune as one of the 75 Smartest Books Of All Time
one of the ideas discussed in this book is this
Survivorship bias. We see the winners and try to learn from them, while forgetting the huge number of losers.
This one applies to gambling, we look, celebrate, and boast about our winnings forgetting our huge losses, when in fact if you calculate the winning is not even a fraction of the losses.
Gamblers emphasize winnings and easily forget their losses.