Stocks & Commodities V. 23:4 (38-41): A Marriage In Artificial Intelligence by D.M. Wong, Ph.D.
Product Description
Stocks & Commodities V. 23:4 (38-41): A Marriage In Artificial Intelligence by D.M. Wong, Ph.D.
Can you really make better decisions with more information? Perhaps artificial intelligence has the answer. Find out how you can develop skills to gain control.
There are content-drenched websites such as TheStreet.com, CNBC.com, cbsmarketwatch.com, and so many more. Add to these all the subscription-based investing magazines and newsletters that are available. Can there be any doubt about our thirst for information? We tend to assume that people can make better decisions with more information. The logical extension is that people will make even better decisions with even more information. But is that true?
WHAT’S THE CUTOFF POINT?
Do people really make better choices with more information, or can too much information actually undermine the decision-making process? Among economists, it is an axiom that choice is good and more choice is better. Giving buyers more choice means more — and more intense — competition, which lowers prices, raises quality and fosters innovation. In the end, workers are more productive, consumers are better off and the economy is bigger and more efficient. It’s a lovely theory. … Unfortunately, it turns out not to be true.
Yes, up to a point, choice does enhance efficiency and consumer welfare. But at some point, there get to be so many options about what to buy or what career to go into or which mutual fund to invest in that many people make worse decisions than they would if they had fewer choices...
—Washington Post, September 10, 2004
Can you really make better decisions with more information? Perhaps artificial intelligence has the answer. Find out how you can develop skills to gain control.
There are content-drenched websites such as TheStreet.com, CNBC.com, cbsmarketwatch.com, and so many more. Add to these all the subscription-based investing magazines and newsletters that are available. Can there be any doubt about our thirst for information? We tend to assume that people can make better decisions with more information. The logical extension is that people will make even better decisions with even more information. But is that true?
WHAT’S THE CUTOFF POINT?
Do people really make better choices with more information, or can too much information actually undermine the decision-making process? Among economists, it is an axiom that choice is good and more choice is better. Giving buyers more choice means more — and more intense — competition, which lowers prices, raises quality and fosters innovation. In the end, workers are more productive, consumers are better off and the economy is bigger and more efficient. It’s a lovely theory. … Unfortunately, it turns out not to be true.
Yes, up to a point, choice does enhance efficiency and consumer welfare. But at some point, there get to be so many options about what to buy or what career to go into or which mutual fund to invest in that many people make worse decisions than they would if they had fewer choices...
—Washington Post, September 10, 2004
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |