Tuesday, July 31, 2012

A “robot” fund that makes trades based on superstitious beliefs?





Why not?  Mark Frauenfelder writes: Would you trust a superstitious robot with your money? Can technology operate with human characteristics, interpreting data and information with basic human behaviors.

The Superstitious Fund Project is an investment Fund that is run by a superstitious autonomous Algorithm. As a one year experiment it operates and trades purely on superstitious beliefs. Buying or Selling on Numerology and in accordance to Lunar Phases. For example it has the fear of the number 13 and a full moon. It also develops its own lucky ad unlucky values, just as we do all the time. We are hardwired to imagine patterns that give us the illusion of control. Win a tennis match, and we've got lucky socks. The Algorithm creates these patterns throughout the year, ranking and deranking superstitions. They are then used as a new logic in trading.

As a one year experiment, £4828.88 was invested from participants over 50 cities around the world. After the one year, the balance will be returned at either a profit or a loss. The project provides an alternate viewpoint on how technology can operate…

Don’t stop now.  Check out the whole story at http://boingboing.net/2012/07/29/an-investment-fund-that-makes.html

No comments:

Post a Comment