Roubini Hates Gold: Is He Wrong Again? [View article]
@thotdoc: "If you want to use statistics to predict what people will do, use the statistics that mirror how the mind works. "
There are no such statistics. The human mind is much too unpredictable, otherwise there would be a lot of statisticians cleaning up in every conceivable market.
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@thotdoc: "If you want to use statistics to predict what people will do, use the statistics that mirror how the mind works. "
Oct 25 11:41 am
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All Comments by Glen L. »Roubini Hates Gold: Is He Wrong Again? [View article]
There are no such statistics. The human mind is much too unpredictable, otherwise there would be a lot of statisticians cleaning up in every conceivable market.
Mises, not Beyes or Fisher.