By Peter Bernstein
Editor’s note:
The subtitle describes this book well: “The Remarkable Story of Risk.” Referenced by Tom Keene on Bloomberg, it piqued my interest because of my fascination with behavioral economics. Risk and probability are heavy topics, yet most of this book is readable for non-PhDs like me. It is more historical and biographical than technical, and it introduces a few dozen extremely interesting people. It is also incredibly ambitious, tracing the study of probability back to the beginnings of gambling, when the earliest dice were made from dried animal ankle bones. Around the year 1200 seems to mark the beginning of the end of superstition, and of the attribution of all things to “the gods.” Written well before the Great Recession of 2008, the book could use an update. And yet it remains, as Keene promised, a marvelous history of our recognition of risk and probability.
Intersted in the Book here’s a link
Peace,
Tim McCarthy
