Hi I'm not too certain what Stephen would include under "technical analysis", but it does appear that the classic superiority of actuarial over clinical prediction applies to the stock market as well as numerous other domains. See:
http://www.psych.umn.edu/faculty/grove/096clinicalversusmechanicalprediction.pdf Take care Jim James M. Clark Professor of Psychology 204-786-9757 204-774-4134 Fax [EMAIL PROTECTED] Department of Psychology University of Winnipeg Winnipeg, Manitoba R3B 2E9 CANADA >>> <[EMAIL PROTECTED]> 23-Nov-08 10:15 PM >>> On 23 Nov 2008 at 10:35, Christopher D. Green wrote: > In case you were wondering why (scientific) psychology (still) doesn't > get much respect from natural scientists, psychics are apparently doing > a > booming business during the current business bust. Why the stock market needs psychics is beyond me. They already have their own well-established mediums of the money, those who practice so-called "technical analysis". This is the widespread belief that where the market is going can be predicted by seeing where it went, with much arcane mumbo- jumbo. Its practitioners study charts of market movement the way astrologers study the planets, with about the same effect. Stephen ----------------------------------------------------------------- Stephen L. Black, Ph.D. Professor of Psychology, Emeritus Bishop's University e-mail: [EMAIL PROTECTED] 2600 College St. Sherbrooke QC J1M 1Z7 Canada Subscribe to discussion list (TIPS) for the teaching of psychology at http://flightline.highline.edu/sfrantz/tips/ ----------------------------------------------------------------------- --- To make changes to your subscription contact: Bill Southerly ([EMAIL PROTECTED]) --- To make changes to your subscription contact: Bill Southerly ([EMAIL PROTECTED])
