Platforms allow people to congregate and organize. And to express their opinions on a massive scale. … Take Michael Lee (Professor in Cognitive Sciences at UC Irvine) who developed complex probabilistic models for that purpose. They remove judgment and decision making biases e.g. in prediction markets. It's a type of “noise filter”, if you will, obtaining a clearer information signal from human opinions.

For the full story, please visit https://www.thestreet.com/economonitor/financial-markets/gamestop-post-mortem-which-trends-are-here-to-stay. 

 

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