Could this explain most of the forecasting business? Read on:

Home/Forecasting News/Could this explain most of the forecasting business? Read on:

Could this explain most of the forecasting business? Read on:

An older article by Time Harford, “Undercover Economist” at the Financial Times, reporting a nice study by Powthavee and Riyanto show that even in a transparently random coin-tossing environment people are nonetheless quickly and persistently prepared to pay for “successful” (i.e. lucky) forecasts.  To read the full article, click here.

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By |September 15th, 2014|Forecasting News|