The Roots of Progress

Against the Gods

The Remarkable Story of Risk

Peter L. Bernstein

An interesting book, although it doesn’t quite live up to its title. It’s at most a history of financial risk. The first ~half covers the early history of probability and statistics; the rest covers its application to finance, including some diversions into game theory and cognitive biases. Some good science history here, although I thought that his discussion of “regression to the mean”, for example, was hopelessly confused.

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