Found 4 comments on HN
mkempe · 2018-02-22 · Original thread
I strongly recommend "Against The Gods: The Remarkable Story of Risk" (1996) [1] for a fascinating, historical perspective on people's growing understanding of probability and statistics over the last few millennia.

The author, Peter Bernstein [2], was brilliant and his other works also merit your attention if you are interested in economics and finance.

[1] https://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp...

[2] https://en.wikipedia.org/wiki/Peter_L._Bernstein

melling · 2015-10-07 · Original thread
No, they used stochastic to reduce risk and find patterns in the markets.

http://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/...

You prefer the old fashion way?

Aren't startups gambling with other people's money? What's the success rate there? 1 in 100?

henrik_w · 2015-07-17 · Original thread
Ha! Just this morning I was reading about the development of probability theory and risk management in "Against the Gods" by Peter Bernstein [1]. I just finished the chapter on the Bernoullis contributions. Interesting read!

[1] http://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/...

sonabinu · 2012-12-26 · Original thread
There is a great book out there called ' Against the Gods ' by Peter Bernstein. http://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/... It has the fantastic story of how a lot of mathematical computations are a product of the effort to quantify risk.

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