Recently I read The Drunkard’s Walk: How Randomness Rules our Lives. I had seen this book mentioned in some of the others that I had read for this blog.
I am not going to do a whole set of notes because it doesn’t lend itself to that very well. The book contains stories about how the theory of probability arose historically. Interesting stories, but they are better read in the context and in entirety to get the impact.
The notes highlight just a few important ideas about chance, how we make judgment errors, measurement errors. The Kahneman book previously noted goes into depth on these topics. Basically, we spend a lot of time misinterpreting chance events as though they were under our control. We make decisions on “data” when actually they are based on perception, sometimes even perceptual fallacies.
Much of our life is not in our control. Understanding that frees us to be flexible, create opportunities, take advantage of chance occurrences, and surrender the stress created by that our self-imposed attempt to control and interpret.
However, there are some interesting ideas worth exploring.
Download the notes:
Buy the book