May 6, 2017
Behavorial Finance
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Never Judge a Decision by Its Outcome: Outcome Bias
Never Judge a Decision by Its Outcome: Outcome Bias A quick hypothesis: Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy and, of course, completely at random. What happens? After one week, about half of the monkeys will have made a profit and the other half a loss. […]