"A hamster has been trading cryptocurrencies in a cage rigged to automatically buy and sell tokens since June - and it's currently outperforming the S&P 500"
This is funny on many levels.
@rysiek I am so happy to not be a hamster, as likely soon "hamster rig" will become a thing among creepto folk
@rysiek "global hamster shortages as cryptocurrency miners build goxx boxes in abandoned warehouses"
@rysiek they did a similar experiment with monkeys and stocks. they outperformed professional investors 🐒 📈 https://www.businessinsider.com.au/monkeys-are-better-stock-pickers-than-fund-managers-experiment-2013-4
@django this is how divination begins. Anyone whose choices are subject to an ebb and flow disjoint from that driving the market will be less wrong, than one who is trying to buck the trend by using these same information and instincts that are creating the trend.
@rysiek on the upside at least the hamster won't barge into people's menchies to sealion them about how good shitcoin is.
@rysiek Just a little bit disappointed that the hamster didn't actually function as a machine learning algorithm.
Because I could imagine that something like a hamster, using an advanced reward-punishment system, could actually function similar to an MLA. Though saying this the scenario would probably pose quite the ethical challenges to be justified as an experiment.
Somebody, send this to Kahneman. He'll probably edit his book to include this example of how random trading is. It's just so good!
This Mastodon instance is for people interested in technology. Discussions aren't limited to technology, because tech folks shouldn't be limited to technology either!