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Hilariously, the target market for the author's API seems to be the same as the top post on HN today[0]: "traders". I think amateur "trading" attracts a specif
by tazu 2y ago
Hilariously, the target market for the author's API seems to be the same as the top post on HN today[0]: "traders".
I think amateur "trading" attracts a specific brand of idiot that is high/left on the Dunning Kruger curve. While taking money from idiots is a viable (even admirable) business strategy, you may want to fully automate customer service to retain your sanity.
[0]: https://news.ycombinator.com/item?id=41308599 https://news.ycombinator.com/item?id=41308599
- cscurmudgeon 2y agoOut of topic, but: https://www.mcgill.ca/oss/article/critical-thinking/dunning-kruger-effect-probably-not-real https://www.mcgill.ca/oss/article/critical-thinking/dunning-... > The two papers, by Dr. Ed Nuhfer and colleagues, argued that the Dunning-Kruger effect could be replicated by using random data.
- kaoD 2y agoThe more I'm reading this article the less I understand their point. Is there an actual paper that describes how their "random data" is generated? I can also generate random data that looks like any distribution by carefully choosing the random distribution. What's their point?
- bofadeez 2y agoIt's people who generally don't have any other skills and reject all evidence for Efficient Market Hypothesis. They legitimately think what they're doing is not gambling. No amount of empirical evidence can convince them they have no risk-adjusted alpha
- creesch 2y agoYeah the customer demographic here likely does worsen the situation. Although I am sure that this is happening elsewhere as well.