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Decius comments on Idle speculation about anchoring and the Facebook IPO - Less Wrong Discussion

-1 Post author: RolfAndreassen 15 August 2012 01:00AM

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Comment author: Decius 15 August 2012 03:22:41AM 2 points [-]

You need more than an accurate prediction- you need a prediction which is more accurate than the competition's. The stock market is a small-sum game played against other agents, not a zero-sum game against chance.