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Financial Markets and the AI Revolution | Adam Butler

Hidden Forces

CHAPTER

Navigating Forecasting Challenges

This chapter explores super forecasting, detailing a psychologist's study on the accuracy of expert predictions across various fields. It highlights the superiority of aggregated responses and algorithms over individual expert opinions, particularly in financial forecasting, while also addressing the market complexities revealed during the 2008 financial crisis. The discussion emphasizes the influence of political dynamics and AI advancements on economic models, advocating for a diverse strategy in understanding market behavior.

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