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RE: People Powered Investment - First look at Pynk.io Price Prediction Tool (Beta)
The human brain is by far the best predicter. Because we have so many variables in predicting the future we can't use any model for a good prediction. Even simple chess problems are already very difficult to predict because of the enormous amount of data. So i like the pynks idea of using the brains of all people together. The brain can not tell exactly what a variable will be, but it can very easily tell in what direction the variable will go. I am very curious how the results will be!
Nice point @jacg34. You might like this article for further reading: https://theconversation.com/a-simple-reward-system-could-make-crowds-a-whole-lot-wiser-76763. Not only are we using people's collective brain power with our Ai, but we are in effect using Peoples data to drive a return for Pynksters all over the world. We think that's a better model than the top 1% using People's data to drive a return for the elite only. Also, our proof of concept fund is performing very well, double digit growth in a matter of months - and the bigger the crowd the more our machine learning learns. M