Fooled by Randomness - Nassim Taleb | Make better decisions & avoid biases | Incerto Series #1

In this video I cover the first book written by Nassim Nicholas Taleb. To become a good decision maker one needs to be aware of biases that distort our world view. But first of all - how to evaluate if a decision is good or bad? The video covers the Hindsight Bias, Survivorship Bias, First Principle Thinking, frequency & magnitude of decisions as well as the traits of the market fool.

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The video is based on:
Nassim Nicholas Taleb, Fooled by Randomness - he hidden role of chance in life and in the markets

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Background music:
Ambient Study Music To Concentrate - ...

Chapters:
0:00 About Taleb, Summary & Incerto
3:05 Alternative Histories
3:45 Magnitude & Frequency
5:00 Hindsight Bias
5:46 Survivorship Bias
8:28 First Principle Thinking
10:35 Traits of the market fool