RE: Random choice versus computer models.

From: Damien Broderick (d.broderick@english.unimelb.edu.au)
Date: Mon Mar 18 2002 - 17:45:45 MST


At 09:21 AM 3/19/02 +1030, Emlyn wrote:

>Similarly with the story below, are those who are naive about the stock
>market better able to take on board observed patterns, and less weighed down
>by expectation about how the market *should* behave?

Naive has nothing to do with this `experiment', though. This is how the kid
made her `choices':

>And she chose her
>fantasy portfolio entirely at random when she was
>four - by catching pieces of papers as they fell from
>a balcony.

What distinguishes this process from a machine randomizer, amusingly
enough, is the abstract possibility that the child's unprejudiced mind used
a black box combination of paranormal precognition and psychokinesis to
forecast the market and then guide the tumbling slips of paper to her pudgy
fingers...

Damien Broderick



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