Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/Dumb_agent_theory> ?p ?o }
Showing triples 1 to 45 of
45
with 100 triples per page.
- Dumb_agent_theory abstract "The dumb agent theory (DAT) states that many people making individual buying and selling decisions will better reflect true value than any one individual can. In finance this theory is predicated on the efficient-market hypothesis (EMH). One of the first instances of the dumb agent theory in action was with the Policy Analysis Market (PAM); a futures exchange developed by DARPA. While this project was quickly abandoned by the Pentagon, its idea is now implemented in futures exchanges and prediction markets such as Intrade, Newsfutures and Predictify. The DAT is technically a hypothesis, not a theory.While first mentioned strictly by name in relation to PAM in 2003, the dumb agent theory was originally conceived (as the Dumb Smart Market) by James Surowiecki in 1999. Here, Surowiecki differentiated from the EMH stating that it "doesn't mean that markets are always right." Instead, he argues that markets are subject to manias and panics because "people are always shouting out" their stock picks. This, in turn, results in other investors worrying about these picks and becoming influenced by them, which ultimately drives the markets (irrationally) up or down. His argument states that if market decisions were made independently of each other, and with the sole goal of being correct (as opposed to being in line with what others are choosing), then the markets would produce the best choice possible and eliminate biases such as groupthink, the bandwagon effect and the Abilene paradox.".
- Dumb_agent_theory wikiPageExternalLink dumb-agent-theory-explained.
- Dumb_agent_theory wikiPageID "16981381".
- Dumb_agent_theory wikiPageLength "4511".
- Dumb_agent_theory wikiPageOutDegree "22".
- Dumb_agent_theory wikiPageRevisionID "526566787".
- Dumb_agent_theory wikiPageWikiLink Abilene_paradox.
- Dumb_agent_theory wikiPageWikiLink Bandwagon_effect.
- Dumb_agent_theory wikiPageWikiLink Bayesian_search_theory.
- Dumb_agent_theory wikiPageWikiLink Category:Behavioral_finance.
- Dumb_agent_theory wikiPageWikiLink Category:Economic_theories.
- Dumb_agent_theory wikiPageWikiLink DARPA.
- Dumb_agent_theory wikiPageWikiLink Efficient-market_hypothesis.
- Dumb_agent_theory wikiPageWikiLink Futures_exchange.
- Dumb_agent_theory wikiPageWikiLink Futures_exchanges.
- Dumb_agent_theory wikiPageWikiLink Groupthink.
- Dumb_agent_theory wikiPageWikiLink Hypothesis.
- Dumb_agent_theory wikiPageWikiLink Intrade.
- Dumb_agent_theory wikiPageWikiLink James_Surowiecki.
- Dumb_agent_theory wikiPageWikiLink NewsFutures.
- Dumb_agent_theory wikiPageWikiLink Newsfutures.
- Dumb_agent_theory wikiPageWikiLink Policy_Analysis_Market.
- Dumb_agent_theory wikiPageWikiLink Predictify.
- Dumb_agent_theory wikiPageWikiLink Prediction_market.
- Dumb_agent_theory wikiPageWikiLink Prediction_markets.
- Dumb_agent_theory wikiPageWikiLink The_Pentagon.
- Dumb_agent_theory wikiPageWikiLink Theory.
- Dumb_agent_theory wikiPageWikiLink USS_Scorpion_(SSN-589).
- Dumb_agent_theory wikiPageWikiLink United_States_Navy.
- Dumb_agent_theory wikiPageWikiLinkText "Dumb agent theory".
- Dumb_agent_theory hasPhotoCollection Dumb_agent_theory.
- Dumb_agent_theory wikiPageUsesTemplate Template:Reflist.
- Dumb_agent_theory subject Category:Behavioral_finance.
- Dumb_agent_theory subject Category:Economic_theories.
- Dumb_agent_theory type Ideology.
- Dumb_agent_theory type Field.
- Dumb_agent_theory type Ideology.
- Dumb_agent_theory type Theory.
- Dumb_agent_theory comment "The dumb agent theory (DAT) states that many people making individual buying and selling decisions will better reflect true value than any one individual can. In finance this theory is predicated on the efficient-market hypothesis (EMH). One of the first instances of the dumb agent theory in action was with the Policy Analysis Market (PAM); a futures exchange developed by DARPA.".
- Dumb_agent_theory label "Dumb agent theory".
- Dumb_agent_theory sameAs m.0414bk8.
- Dumb_agent_theory sameAs Q5313662.
- Dumb_agent_theory sameAs Q5313662.
- Dumb_agent_theory wasDerivedFrom Dumb_agent_theory?oldid=526566787.
- Dumb_agent_theory isPrimaryTopicOf Dumb_agent_theory.