Betting Talk

Undergraduate Finance Students Believe in ESP

Comments

  • TommyLTommyL Super Moderator
    edited July 2013
    I'd pay to switch to the worse guesser. The better guesser should regress to the mean.

    ;)
  • baseRunnerbaseRunner Senior Member
    edited July 2013
    There might be more going on here than just "finance students are dumb." One reasonable explanation is that the students suspected some form of cheating might be taking place, where the better guessers had some kind of back room arrangement with the experimenter. We're talking about finance students here, who are conditioned early and often to lie cheat and steal, and sadly everyone knows those are the types that often get ahead in life.

    Who knows though- finance people are pretty dumb, so maybe they actually don't understand statistical independence. Could go either way.
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