The cover of Against the Gods

Against the Gods

Why did people wait until the Renaissance to learn to measure risk, and how did probability change the way we decide?

At a glance

Author
Peter L. Bernstein

Why read it

  • You will learn how the laws of probability grew from games of chance into a tool for managing risk
  • You will see why measurement can fool you, and why luck often gets the credit or blame
  • You will understand why anyone who takes a risk should expect to lose some of the time

Who it is for

  • An investor who wants to understand risk before taking it
  • A manager asked to make decisions under uncertainty
  • A reader who enjoys the history of ideas

Contents

  1. Introduction
  2. 2. As Easy as I, II, III
  3. 4. The French Connection
  4. 5. The Remarkable Notions of the Remarkable Notions Man
  5. 7. The Search for Moral Certainty
  6. 8. The Supreme Law of Unreason
  7. 9. The Man with the Sprained Brain
  8. 10. Peapods and Perils
  9. 11. The Fabric of Felicity
  10. 13. The Radically Distinct Notion
  11. 14. The Man Who Counted Everything Except Calories
  12. 15. The Strange Case of the Anonymous Stockbroker
  13. 17. The Theory Police
  14. 18. The Fantastic System of Side Bets
  15. 19. Awaiting the Wildness
  16. Solow, Meir Statman, Marta Steele, Richard Thaler, James Tinsley, Frank Trainer, Amos Tversky,*

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