Jun
15
Book Recommendation, from Sushil Kedia
June 15, 2010 |
I strongly recommend the book Markets, Games, & Strategic Behavior by Charles A. Holt.
It is an outstanding compendium of real executable games for speculative minds. This book has been structured very well. In the process of playing a lot of games that are worked out in this book (through an associate web based free utility for most of them), one is bound to build and discover many new ones and several great variations.
Kindly do spend your valuable time reading through at least the first few pages and hopefully a game or two, and you will likely be convinced of the utility of this good work.
Perhaps at the upcoming Spec Party some of these could be played. I would imagine with the web based utility all the DNA of the Spec list can participate in them one by one from wherever we all are. It could be a new burst of thought and energy in this learning group with such diverse minds and such diverse games ranging from almost every aspect of the market and including probability matching, lottery choice anomalies, Information Learning and Signalling, Takeover games, Auctions, Statistical Discrimination, Information cascades, Co-ordination, market manipulation, Traveller's Dilemma, Volunteer's Dilemma etc. etc.
I am just 10% in to the book and am craving to have this throughly played between all Spec List colleagues over time across the internet.
Experimental learning, if you might grant a euphimisim, could be a refreshing new thing for us Speclisters.
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Dr. Holt’s webpage is here and includes free online software related to the book mentioned:
http://people.virginia.edu/~cah2k/
Back to May 2009…
“What other great books on their fields have carry over value or are beautiful in themselves?”
Here is an initial draft of a master list of books recommended or cited at daspec since May 2009 – not sure of the reason for stopping here except for falling asleep. Thus, be assured that it is incomplete and flawed with omissions and commissions galore.
Perhaps there might be a vote to prioritize?
In that democratic spirit, refreshed from my Tocqueville commentary, an offering of one of his quotes as a thought toward devising a standard for inclusion within this listing: “There is hardly a pioneer’s hut which does not contain a few odd volumes of Shakespeare. I remember reading the feudal drama of Henry V for the first time in a log cabin.”
Thus, regarding what would be on the shelf of any given so-and-so concerning any given topic…
Nagi on fencing
Bacon on speculation
Wiswell on checkers
Caples on advertising
Williams on trading
Tilden on spin of ball
The Science of Swimming by James E. Counsilman
More Money Than God - Hedge Funds and the Making of a New Elite by Sebastian Mallaby
Trout by Ray Bergman
Scarne’s New Complete Guide to Gambling
You Can Negotiate Anything by Herb Cohen
Louis L’Amour’s Education of a Wandering Man
Nock, H. L Mencken, and Darwin
Karate: Technique and Spirit by Tadashi Nakamura
The Dangerous Book for Boys by Hal Iggulden
Message to Garcia by Elbert Hubbard
How to Win Friends and Influence People by Dale Carnegie
Strategy in Poker, Business & War by John McDonald and Robert Osborn
The Broker’s Edge; How to sell securities in any market by Steven Drozdeck and Karl Gretz
Selling The Invisible by Harry Beckwith
The Baseball Codes by Jason Turbow
Horse Trading by Ben Greene
Fortman’s Basic Checkers
A Season on the Mat: Dan Gable
Pursuit of Perfection by Nolan Zavora
Living with Children by G. Patterson
Parents and Adolescents by G. Patterson
Conan The Conqueror by R. Howard
Chess Secrets I Learned from the Masters by Edward Lasker
John Gardner: The Art of Fiction; Notes on Craft for Young Writers (1983) and
On Becoming a Novelist (1983)
The Flavor Bible: The Essential Guide to Culinary Creativity, Based on the Wisdom of America’s Most Imaginative Chefs by Karen Page and Andrew Dornenburg
Roasting-A Simple Art by Barbara Kafka, Maria Robledo
Outlaw Cook by John Thorne
The Way to Cook by Julia Child
Markets, Games, & Strategic Behavior by Charles A. Holt
Caught Inside: a Surfer’s year on the California Coast by Daniel Duane
The Grapes of Wrath by John Steinbeck
Law of the Jungle by John Otis
The Intelligence Investor by Benjamin Graman
Feynman Lectures on the Web, from Bill Egan
Why The Best-Laid Investment Plans Usually Go Wrong by Harry Browne
Copies of published newsletter by the late Louis Rukeyser
Patrick O’ Brian books
Dean King’s A Sea of Words
1960s Chicago Federal Reserve Bank booklet entitled Modern Money Mechanics
Pattern Recognition, 4th ed. by Theodoridis and Koutroumbas
2nd edition of Hastie et al.’s The Elements of Statistical Learning — free as a pdf
Bishop’s Pattern Recognition and Machine Learning
The Works of Guy De Maupassant, 1903 first edition
A Journey into Rabelais’s France, Nock
Wald’s book Sequential Analysis
Oliver Sacks included in his book The Man Who Mistook His Wife for a Hat
Lorie and Roberts’ book on marketing
The Mountaineering Handbook by Connally, Craig
Glacier Travel and Crevasse Rescue
Oliver Sacks, The Man Who Mistook His Wife for a Hat
The Road by Cormac McCarthy
McCarthy’s Blood Meridian, or the Evening Redness in the West, Blood Meridian, or the Evening Redness in the West
Dante
Poe
De Sade
Melville
Faulkner
Flannery O’Connor
William Styron
In the heart of the Sea, Nathaniel Philbrick
Moby Dick, Herman Melville
The ‘Code’: Ten unwritten baseball rules you might not know By Jason Turbow
Swindled: The Dark History of Food Fraud, from Poisoned Candy to Counterfeit Coffee by Bee Wilson
Water for Elephants
The Lovely Bones
Old Home Town by Rose Wilder Lane
Virginia Postrel’s book The Substance of Style
Galton’s The Art of Travel
The Story about Ping
The Upside of Turbulence by Donald Sull
Books by Ralph Vince
FEE essay, The House that Uncle Sam Built
Andrew Odlyzko’s online essay Collective hallucinations and inefficient markets: The British Railway Mania of the 1840s
Judgment under Uncertainty: Heuristics and Biases, Cambridge
Kahnemann, Tversky (eds): Choices, Values and Frames, Cambridge- Slovic et al: The Perception of Risk, Earthscan
Taleb: The Black Swan
Penguin- Popper: The Logic of Scientific Discovery, Routledge
Thaler: Advances in Behavioral Finance (Vol II), Princeton Publishing
Peterson: Inside the Investor’s Brain, Wiley- Forbes: Behavioural Finance
Gauch: Scientific Method in Practice, Cambridge
Chamley: Rational Herds: Economic Models of Social Learning, Cambridge
James Montier, The Little Book of Behavioral Investing– How Not to Be Your Own Worst Enemy
Dr. Aronson, Evidence-Based Technical Analysis, Wiley, 2006
Burning Bright, Ron Rash
Lao-Tzu
Confucius
Ayn Rand
Niederhoffer & Co.
Ken Smith,
Aristotle,
Franklin,
Jefferson,
Cowles Comprehensive Encyclopedia
Morihei Ueshiba, The Art of Peace
GM Davies is the author of Play 1 e4 e5: A Complete Repertoire for Black, Everyman, 2005
Mika Waltari’s The Egyptian
Sir Walter Scott’s Ivanhoe
The Christmas Lectures
Analysis of Financial Times Series by Tsay
Musashi, Book of Five Rings
Taming the Infinite
Strogatz has received good reviews for his book The Calculus of Friendship
Dan Ariely, Predictably Irrational
Buy*ology, Truth and lies about why we buy, Martin Lindstrom
Raising Your Child to be a Champion in Athletics, Arts, and Academics by Wayne Bryan and Woody Woodbur
Philip L. Carret, his 1931 book, The Art of Speculation
Beyond Candlesticks by Nison
The Secret History of the Mongol Queens: How the Daughter of Genghis Khan Rescued His Empire
Statistical Rules of Thumb, by Gerald van Belle
The Dogs of Capitalism by Mitchell Jone
The Selfish Gene, Richard Dawkins
Van Belle - Statistical Rules of Thumb
Sheshkin - Handbook of Parametric and Nonparametric Statistical Procedures
Snedecor -Statistical Methods, 8th ed.
Siegel - Nonparametric Statistics for the Behavioral Sciences, 2nd ed.(1988)
Conover - Practical Nonparametric Statistics, 3rd ed.
Martinez - Computational Statistics Handbook with Matlab, 2nd ed.
Staying Alive in Avalanche Terrain, Bruce Tremper
The Book of Chuang Tzu
Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market
This Time is Different - Eight Centuries of Financial Folly, by Reinhart and Rogoff
Derek Rowntree - ‘Statistics Without Tears’ and ‘The Manager’s Book of Checklists’
Horse Trading by Ben Green
The Secrets of Professional Turf Betting by Robert Bacon
Zen and the Art of Motorcycle Maintenance by Robet Pirsig
The Rules of Winning Chess by Nigel Davies
Lobster Chronicles by Linda Greenlaw
Michael Lewis - Moneyball
A Terrible Splendor by Marshall Jon Fisher
Shogun by James Clavell
The Last Kings of Thule - Jean Malaurie
Many of Giono’s books
Many of Pierre Magnan books
Dava Sobel - Longitude
Order Out of Chaos by I. Prigogine
L’imprévu by I. Ekeland (in french only)
Des rythmes au chaos by P. Bergé, Y. Pomeau, M. Dubois-Gance, 1994
Deep Simplicity: Bringing Order to Chaos and Complexity by John Gribbin
The Foundations of Ethology by K. Lorenz
Studies in Animal and Human Behavior by- K. Lorenz
The First Three Minutes: A Modern View Of The Origin Of The Universe by Steven Weinberg
Mononcle d’ Amérique by A. Resnais (in French only)
The Botany of Desire by Michael Pollan
A Hole in the Ground with a Liar at the Top: Fraud and Deceit in the Golden Age of American Mining
The Complete Turtle Trader
Heyne’s Economic Way of Thinking
Practical Speculation
Made to Stick by Chip Heath and Dan Heath
Modern Principles: Microeconomics by Tyler Cowen and Alex Tabarrok
Fred Hapgood’s 1993 book Up the Infinite Corridor: MIT and the Technical Imagination
Getting Real
Scientific Method in Practice by Hugh G. Gauch
Psychology of Intelligence Analysis
The Farming Game by Bryan Jones
A Treasury of Deception: Liars, Misleaders, Hoodwinkers, and the Extraordinary True Stories of History’s Greatest Hoaxes, Fakes and Frauds by Michael Farquhar
Stocks for the Long Run by Siegel
Irrational Exuberance by Shiller
Beating the Street by Lynch
Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits by Altucher
The Intelligent Investor by Benjamin Graham
Common Stocks and Uncommon Profits and Other Writings by Fisher
Futures: Fundamental Analysis by Schwager
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by Murphy
Contrarian Investment Strategies - The Next Generation, Dreyman
Trend Following: How Great Traders Make Millions in Up or Down Markets, Covel
Momentum Stock Selection: Using The Momentum Method For Maximum Profits, Bernstein
Hostile Territory by Gerald Westerby
The Gameby Neil Strauss
Arthur Schopenhauer’s The Art of Controversy; also by a different title: The Art of Being Right
A Random Walk Down Wall St., Malkiel
Security Analysis by Dodd
Atlas Shrugged
BECOMING WINSTON CHURCHILL: The Untold Story of Young Winston and his American Mentor, by Michael McMenamin, Greenwood Publishers (2007)
Our Enemy the State
On Doing the Right Thing
Memoirs of a Superflous Man [his autobiography and perhaps his best known book]
Cogitations
Isaiah’s Job
The Criminality of the State
The Jewish Problem in America
Applied Longitudinal Data Analysis by Judith Singer and John Willett
NurtureShock — New Thinking About Children, by Po Bronson & Ashley Merryman
Bruce Bueno de Mesquita’s book Predictioneer’s Game
The Art of Strategy: A Game Theorist’s Guide to Success in Business and Life by Avinash K. Dixit and Barry J. Nalebuff
Buffalo for the Broken Heart, by Dan O’Brien, 2001
Fourteen Methods of Operating in the Stock Market, published in 1918 by The Magazine of Wall Street
Moneyball, by Michael Lewis
Microtrends: The Small Forces Behind Tomorrow’s Big Changes, by Mark Penn
The Heart of the World by Ian Baker
Eye Movement Desensitization and Reprocessing (EMDR): Basic Principles, Protocols, and Procedures, 2nd Edition, by Francine Shapiro
A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers, by Larry McDonald and Patrick Robinson
The Lost City of Z: A Tale of Deadly Obsession in the Amazon, by David Grann
The Mystery of Numbers by Annemarie Schimmel
Trend Following: Learn to Make Millions, FT Press, 2009
The Complete Idiot’s Guide to Global Economics, Alpha, 2008
The Logic of Life by Tim Harford
Freakonomics by Leavitt and Dubner
Discovering Your Inner Economist by Tyler Cowen
Intelligence and How to Get It by Richard Nisbett
The Bell Curve by Richard Herrnstein and Charles Murray
Don’t Tread on Me by H. W. Crocker III
Military Bookman
Education of a Speculator
Optimal Portfolio Modeling, Wiley, 2008
Play the Catalan, Everyman, 2009
Day One Trader
Biological Invasions: Theory and Practice by Shigesada and Lawasaki
Biological Invasions by Mark Williamson
The Command of the Ocean by N.A.M. Rodger
The Best American Essays of the Century edited by Joyce Carol Oates and Robert Atwan
Intelligence in War by John Keegan
A Splendid Exchange by William J. Bernstein
The Villainy of Stock Jobbers Detected (1701) by Daniel Defoe
Chronicles and Characters of the Stock Exchange (1850) by John Francis
The Drunkard’s Walk: How Randomness Rules Our Lives by Professor Leonard Mlodinow
Spent by Geoffrey Mille
Living at Micro Scale by Reedie David Dusenbery
Lectures on the Relation between Law and Public Opinion during the 19th Century, A.V. Dicey
Be the Solution: How Entrepreneurs and Conscious Capitalists Can Solve All the World’s Problems
Life History Invariants by Eric Charnov
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