Drunkard\’s Walk

The Drunkard’s Walk
by Leonard Mlodinow

With the born storyteller’s command of narrative and imaginative approach, Leonard Mlodinow vividly demonstrates how our lives are profoundly informed by chance and randomness and how everything from wine ratings and corporate success to school grades and political polls are less reliable than we believe.

By showing us the true nature of chance and revealing the psychological illusions that cause us to misjudge the world around us, Mlodinow gives us the tools we need to make more informed decisions. From the classroom to the courtroom and from financial markets to supermarkets, Mlodinow’s intriguing and illuminating look at how randomness, chance, and probability affect our daily lives will intrigue, awe, and inspire.

 

From the Trade Paperback edition.


A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Ninth Edition)
by Burton G. Malkiel

The million-copy bestseller, revised and updated with new investment strategies for retirement and the insights of behavioral finance.

Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, here is the best-selling, authoritative, and gimmick-free guide to investing. Burton Malkiel evaluates the full range of investment opportunities, from stocks, bonds, and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles. This edition includes new strategies for rearranging your portfolio for retirement, along with the book’s classic life-cycle guide to investing, which matches the needs of investors in any age bracket. A Random Walk Down Wall Street long ago established itself as a must-read, the first book to purchase before starting a portfolio. So whether you want to brief yourself on the ways of the market before talking to a broker or follow Malkiel’s easy steps to managing your own portfolio, this book remains the best investing guide money can buy.


Subliminal
by Leonard Mlodinow

In this book the author of The Drunkard’s Walk and coauthor of The Grand Design (with Stephen Hawking), gives us an examination of how the unconscious mind shapes our experience of the world and how, for instance, we often misperceive our relationships with family, friends, and business associates, misunderstand the reasons for our investment decisions, and misremember important events. Your preference in politicians, the amount you tip your waiter, all judgments and perceptions reflect the workings of our mind on two levels: the conscious, of which we are aware, and the unconscious, which is hidden from us. The latter has long been the subject of speculation, but over the past two decades researchers have developed remarkable new tools for probing the hidden, or subliminal, workings of the mind. The result of this explosion of research is a new science of the unconscious and a sea change in our understanding of how the subliminal mind affects the way we live. Employing accessible explanations of the most obscure scientific subjects, the author takes us on a tour of this research, unraveling the complexities of the subliminal self and increasing our understanding of how the human mind works and how we interact with friends, strangers, spouses, and coworkers. In the process he changes our view of ourselves and the world around us.

A Non-Random Walk Down Wall Street
by Andrew W. Lo, A. Craig MacKinlay

For over half a century, financial experts have regarded the movements of markets as a random walk–unpredictable meanderings akin to a drunkard’s unsteady gait–and this hypothesis has become a cornerstone of modern financial economics and many investment strategies. Here Andrew W. Lo and A. Craig MacKinlay put the Random Walk Hypothesis to the test. In this volume, which elegantly integrates their most important articles, Lo and MacKinlay find that markets are not completely random after all, and that predictable components do exist in recent stock and bond returns. Their book provides a state-of-the-art account of the techniques for detecting predictabilities and evaluating their statistical and economic significance, and offers a tantalizing glimpse into the financial technologies of the future.

The articles track the exciting course of Lo and MacKinlay’s research on the predictability of stock prices from their early work on rejecting random walks in short-horizon returns to their analysis of long-term memory in stock market prices. A particular highlight is their now-famous inquiry into the pitfalls of “data-snooping biases” that have arisen from the widespread use of the same historical databases for discovering anomalies and developing seemingly profitable investment strategies. This book invites scholars to reconsider the Random Walk Hypothesis, and, by carefully documenting the presence of predictable components in the stock market, also directs investment professionals toward superior long-term investment returns through disciplined active investment management.


A Discourse by Three Drunkards on Government
by Nakae Chomin

A Discourse by Three Drunkards on Government takes the form of a debate between a spokesman for Western ideals of democracy and progress, and an advocate for adherence to traditional samurai values. Their discussion is moderated by the imperturbable Master Nankai, who loves nothing more than to drink and argue politics. The fiction of the drinking bout allowed Chomin to debate freely topical political issues, in a discussion that offers an astute analysis of contemporary European politics and a prophetic vision of Japan’s direction. This lucid and precise translation of a delightful work has been designated one of the UNESCO series of classics of world literature.

Elastic
by Leonard Mlodinow

The best-selling author of Subliminal and The Drunkard’s Walk teaches you how to tap into the hidden power of your brain.
 
Elastic is a book that will help you survive the whirlwind.”
—Daniel H. Pink, author of When and A Whole New Mind

Named to the 800-CEO-READ Business Book Awards Longlist
 
In this startling and provocative look at how the human mind deals with change, Leonard Mlodinow shows us to unleash the natural abilities we all possess so we can thrive in dynamic and troubled times. Truly original minds capitalize when everyone else struggles. And most of us assume that these abilities are innate, reserved for a select few. But Mlodinow reveals that we all possess them, that we all have encoded in our brains a skill he terms elastic thinking—and he guides us in how to harness it. 

Drawing on groundbreaking research, Mlodinow outlines how we can learn to let go of comfortable ideas and become accustomed to ambiguity and contradiction; how we can rise above conventional mindsets and reframe the questions we ask; and how we can improve our ability to solve problems and generate new ideas—critical skills for achieving professional and personal success in our quickly morphing world.


The Upright Thinkers
by Leonard Mlodinow

“Leonard Mlodinow takes us on a passionate and inspiring tour through the exciting history of human progress and the key events in the development of science. In the process, he presents a fascinating new look at the unique characteristics of our species and our society that helped propel us from stone tools to written language and through the birth of chemistry, biology, and modern physics to today’s technological world. Along the way he explores the cultural conditions that influenced scientific thought through the ages and the colorful personalities of some of the great philosophers, scientists, and thinkers: Galileo, who preferred painting and poetry to medicine and dropped out of university; Isaac Newton, who stuck needlelike bodkins into his eyes to better understand changes in light and color; and Antoine Lavoisier, who drank nothing but milk for two weeks to examine its effects on his body. Charles Darwin, Albert Einstein, Werner Heisenberg, and many lesser-known but equally brilliant minds also populate these pages, each of their stories showing how much of human achievement can be attributed to the stubborn pursuit of simple questions (Why? How?), bravely asked.”–Publisher’s Web site.

Understanding Probability
by Henk Tijms

Understanding Probability is a unique and stimulating approach to a first course in probability. The first part of the book demystifies probability and uses many wonderful probability applications from everyday life to help the reader develop a feel for probabilities. The second part, covering a wide range of topics, teaches clearly and simply the basics of probability. This fully revised third edition has been packed with even more exercises and examples and it includes new sections on Bayesian inference, Markov chain Monte-Carlo simulation, hitting probabilities in random walks and Brownian motion, and a new chapter on continuous-time Markov chains with applications. Here you will find all the material taught in an introductory probability course. The first part of the book, with its easy-going style, can be read by anybody with a reasonable background in high school mathematics. The second part of the book requires a basic course in calculus.

A Drunkard’s Path
by Clare O’Donohue

Book #2 of the Someday Quilts Mystery series

By the author of The Lover’s Knot, a brand-new quilting mystery in the tradition of Jennifer Chiaverini and Emilie Richards.

In the sleepy town of Archers Rest, Nell Fitzgerald is finishing her first quilt and preparing for her first date? with Police Chief Jesse Dewalt. When Jesse stands her up, it turns out he has a good reason’the body of a murdered young woman has been discovered near the Hudson River.

Meanwhile the members of Nell’s quilting circle encourage her to take drawing classes with the famous artist Oliver White. When Nell’s professor meets her grandmother Eleanor, owner of the Someday Quilts shop, he seems instantly smitten. But once another woman’s body is found outside her grandmother’s home under a blanket of snow, Nell begins to patch together clues and follow a path of evidence that suggests her professor may also have a degree in the art of murder.



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