Computer programmes and modelling
Basic flaws
1. anything that can be modelled will rebel against the model and modeller.
Hence the two places that modelling would be very useful are the stockmarket asport results. Despite all the high computer power available outcomes in these two areas are not reliably predictable as all the possible events affecting them cannot be adequately programmed into a computer and when they are and are acted on this then leads to changes in the behaviour of the observed event away from the expected outcome.
eg races are fixed and company results are falsified.
2. Modeller bias is always present eg set up a company called Joe’s best business and set out to evaluate it. Amazing “Joes’ is the best business.
Worse set up a panel on Climate change. Amazing finding “The climate changes”, never would have expected that in a million years from that panel.
Early days yet and this is just a kindergarten attempt at Blogging. The sophistication is yet to come.