Events: detail
Perfectly unpredictable: Why forecasting produces useful rubbish
- Hosted by:
- Gresham College
- Speaker:
-
Professor Michael Mainelli
- Starts:
- January 28, 2008 at 06:00 pm
- Ends:
- January 28, 2008 at 07:00 pm
- Location:
- Gresham College, Barnard’s Inn Hall, London, EC1N 2HH United Kingdom
- Maps:
Description
At the heart of commerce is the notion that perfect markets aren’t predictable, yet great efforts are expended on proving this notion wrong. This contradiction perplexes us as cyberspace’s automated and not-so-virtual economies mirror our world, companies deploy innovative incipient trend detection and the apparent power of forecasting tools seems immense. Does increasing predictive power mean that prices are less important signals of preference? Can we predict new markets? We shall look at the emerging power of interacting directly with people’s desires and see that it enriches, rather than undermines, our view of economics – though it may impair our privacy.
- Registration required:
- No
- Free:
- Yes
Additional information
Continuing Professional Development
Attendance at these lectures can contribute towards the Continuing Professional Development requirements of the Securities & Investment Institute (SII) and the Association of Chartered Certified Accountants (ACCA). Some other professional associations also accept these lectures under their CPD requirements. Further details of CPD entitlement can be obtained direct from members’ professional bodies.
Lectures are followed by a drinks reception sponsored by Z/Yen.
For more information
- Contact person:
- Gresham College
- Phone:
- 020 7831 0575
- Email:
- enquiries [ at ] gresham.ac.uk
- Website:
- Perfectly unpredictable: Why forecasting produces useful rubbish
