In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The thinking behind a prediction market is that the wisdom of the crowd can determine the outcome. and collecting bets is the best means of learning what the wisdom of the crowd.
The belief is that markets are the more efficient mechanism for gauging human opinion, and that taking bets is the best way to get honest results from a survey.
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The goal at Sharpe is to fix one of the biggest shortcomings in AI-based investing. AIs are very good at technical or fundamentals analysis; but are unable to judge market sentiment which is based upon human emotions and beliefs.
Sharpe Capital hopes to correct that by teaching AI how to spot patterns of behavior and sentiment in the market, a whitepaper indicates.
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