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RAT-POWERED HEDGE FUNDS? A FRIGHTENING CONCEPT
Rat-powered Hedge Funds? A Frightening Concept -Alpha Architect
"A professor buddy sent a link to an outstanding article that mentions a study where researchers study the performance of a rat’s ability to learn how to “beat the market:”
"Marcovici says the rats “outperformed some of the world’s leading human fund managers.” The rats were trained to press a red or green button to give buy or sell signals, after listening to ticker tape movements represented as sounds. If they called the market right they were fed, if they called it wrong they got a small electric shock. Male and female rats performed equally well. The second generation of rattraders, cross-bred from the best performers in the first generation, appeared to have even better performance, although this is a preliminary result, according to the text. Marcovici’s plan, he writes, is to breed enough of them to set up a hedge fund."
..."
Rat-powered Hedge Funds? A Frightening Concept -Alpha Architect
"A professor buddy sent a link to an outstanding article that mentions a study where researchers study the performance of a rat’s ability to learn how to “beat the market:”
"Marcovici says the rats “outperformed some of the world’s leading human fund managers.” The rats were trained to press a red or green button to give buy or sell signals, after listening to ticker tape movements represented as sounds. If they called the market right they were fed, if they called it wrong they got a small electric shock. Male and female rats performed equally well. The second generation of rattraders, cross-bred from the best performers in the first generation, appeared to have even better performance, although this is a preliminary result, according to the text. Marcovici’s plan, he writes, is to breed enough of them to set up a hedge fund."
..."
