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Chimpanzees can compete with most financial experts.
Philip Tetlock, Professor of Psychology and Management at the University of Pennsylvania, studies expertise and the architecture of good judgment. In particular, he has been interested in evaluating predictions made by experts. From 1984 to 2003, Tetlock gathered more than 28,000 predictions from 284 economic and political professionals in order to determine their accuracy, and…
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3 reasons why financial media is broken
Why are financial forecasters, even famous ones, so bad at their job?