Against the Gods: The Remarkable Story of Risk
You can view this book's Amazon detail page here.
Tags: Finance
Review
Rating: 8
This book is quite interesting and details the history of risk well. It starts of from the origins of risk and goes on to talk about some of the attempts to quantify risk. Uncertainty as a mathematical concept rather than a subjective “feeling” is a fundamental theme through out the book. Some of the examples on gambling really opened my eyes in terms of the irrational expectations that I held. After reading this book, I decided not to be a schmuck any longer, in trying to beat the odds at a casino. This book is a good read with the caveat that, if you are not mathematically inclined, then it is quite dry.