[2017-09-08] Leveraging Crowd-Intelligence for Forecasting and Predictions

[Vladdirescu87]

Artificial intelligence is breaking onto the scene for managing hedge funds, where they process volumes of data to pick up on patterns that even the most seasoned traders couldn’t see.

Coupled with collective intelligence, also known as “wisdom of the crowd,” where professionals and clueless people alike give their insight on a certain topic for an average that is impressively accurate, the combination of the two could lead to more efficient and higher return investment vehicles.

The full article: https://coinidol.com/leveraging-crowd-intelligence-for-forecasting-and-predictions/

[veleten]

this sounds like: "hey,lets ask a doctor,a nurse and 40 patients as to how to operate on my leg"
not trusting my money to the "crows inteligence",sounds retarded
if the predictions are really accurate it is not due to the crowd intelligence and average levered opinions

[buwaytress]

this sounds like: "hey,lets ask a doctor,a nurse and 40 patients as to how to operate on my leg"
not trusting my money to the "crows inteligence",sounds retarded
if the predictions are really accurate it is not due to the crowd intelligence and average levered opinions

Heh. It's the era of hip catchphrases. Decentralised this and that, crowd this and that. I would say that studies on the wisdom of crowds can glean a lot of meta data, which can result in information... but agree that crowd intelligence isn't the all-knowing solution for trading. If so, then we're saying that you'd only buy at peaks and sell at bubble bursts, since it's at those points that the majority is achieved. AI has been impressive at predictive models, but not nearly good enough when confronted with new or unfamiliar conditions. The crypto market is exactly that: new and unfamiliar.