The empirical evidence on the subject of systematic Decision-Making making versus expert-driven, or “gut-instinct” decision making, has been described by the late Paul Meehl, one of the greatest minds in psychology, as the only controversy in social science with–I quote–” such a large body of qualitatively diverse studies coming out so uniformly in the same direction.” In summary, models beat experts via Wes Grey. Also see his book here-Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors
Wes Grey on The Case for Systematic Decision-Making [VIDEO]
By Sheeraz Raza
Published on
