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Against the Gods: The Remarkable Story of Risk

Written By Cornelia Lie on Monday, April 11, 2011 | 1:05 PM

Against the Gods: The Remarkable Story of RiskWith the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.

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