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Wasn't the point that the rats only reacted the the live feed, and didn't have any ancillary data? That ticker tracks converted to sound were enough to perform
by digitailor 12y ago
Wasn't the point that the rats only reacted the the live feed, and didn't have any ancillary data? That ticker tracks converted to sound were enough to perform strikingly well in terms of deciding holding moves?
...the training was almost finished; the performances of the top 4 rats had turned out to be comparable to those of the world' s best fund managers. Their ability to recognize sound patterns generated from the market's ticker tape was incredible. And the rat traders also hold another advantage: unlike their human counterparts, they are not likely to be distracted from news or economy fundamentals, their own personal or their bank's financial status.
- bayesianhorse 12y agoA random number generator outperforms most fund managers...
- digitailor 12y agoIndeed, a chimpanzee was actually the top performer in 1999, by throwing darts at ticker pages. Bad year for the market. http://www.marketwatch.com/story/paul-farrells-commentary-chimp-99-champ-makes-monkey-of-wall-street http://www.marketwatch.com/story/paul-farrells-commentary-ch... http://www.dailyfinance.com/2011/08/03/in-honor-of-planet-of-the-apes-the-top-3-monkey-stock-pickers/ http://www.dailyfinance.com/2011/08/03/in-honor-of-planet-of...
- throwaway283719 12y agoI should point out that it's not at all surprising that the "top 4" rats performed very well. If you got a couple of hundred people, animals, or random number generators to trade using any set of rules you like, and then looked at the top 4, you would almost always find that they outperform, because that's what being in the top 4 means! The real question is whether the same four rats would be the outperformers if you ran the experiment again.
- JJKitty 12y agoI guess all we can do is hope that we can become Mr Kleinworth Morgan Jrs. =D