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SI306: If Trend Following was an Olympic Sport... ft. Mark Rzepczynski

Top Traders Unplugged

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Understanding the Law of Small Numbers in Decision Making

This chapter explores the law of small numbers in behavioral economics, focusing on its effects on decision-making in gambling and sports. The discussion includes the gambler's fallacy and hot hand problem, urging listeners to reconsider their reliance on limited data and recognize biases in trend-following models.

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