25th April 2012, 07:48 PM
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Member
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Join Date: Sep 2011
Posts: 1,534
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Your right ... The wisdom of crowds says the more people provide input the closer the result will be to the correct price. It was proven that a small crowd of "experts" actually did worse then a larger crowd of the public .
The same happens here. The final tote price is going to be closer then the experts selections over the long run. The real gems are to find out where the crowd is consistenly wrong and profit from that.
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