fooled by randomness

What is Transductive Reasoning?

Transductive reasoning is a type of flawed logic that is most commonly used by very young children to connect meaning between events where there is no correlation. With adulthood it takes the form of superstition or being fooled by randomness. Transductive reasoning causes people to think there are connections between events that are not accurate …

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Don’t be Fooled by Randomness

Randomness / By Steve Burns

In his book “Fooled by Randomness” author N.N Taleb shows the dangers of seeing patterns where there is only random noise, the danger of confusing luck with skill, and believing things can be predicted with accuracy that are simply randomly occurring. Randomness can become especially dangerous in trading and investing in the financial markets as …

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