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"Computer programs can gamble better than gamblers" Sorry to say, but I'm completely unsurprised by this - statistical analysis is the most sensible approach t
by jheriko 16y ago
"Computer programs can gamble better than gamblers"
Sorry to say, but I'm completely unsurprised by this - statistical analysis is the most sensible approach to the problem. Gamblers tend to be less sensible and calling a gambler a stock market trading pro doesn't stop him being a gambler...
I'd also be wary of labeling pros in a system which will naturally produce "lucky" and "unlucky" individuals regardless of skill... at least some proportion of successful traders are just lucky. I can't measure it, but it seems very heavily implied...