Miller Risk Advisors
نویسنده
چکیده
Don’t Let Your Robots Grow Up To Be Traders: Articial Intelligence, Human Intelligence, and Asset-Market Bubbles
منابع مشابه
Tail insurance: watch out for the gotcha!
It could have been worse. "There are a lot of doctors, especially in some of the more litigious specialties, who just can't afford this coverage," says John W. Miller II, a principal at Sterling Risk Advisors in Marietta, GA. But the danger of rolling the dice and going bare, he says, is "potential bankruptcy down the road." Ironically, that's less likely to be the result of any actual judgment...
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Not everyone who has committed a misdeed and wants to warn others against committing it will feel entitled to do so. Six experiments, a replication, and a follow-up study examined how suffering for a misdeed grants people the legitimacy to advise against it. When advisors had suffered (vs. not suffered) for their misdeeds, observers thought advisors had more of a right to advise and perceived t...
متن کاملEstimating Risk Tolerance: The Degree of Accuracy and the Paramorphic Representations of the Estimate
Using a sample of 386 financial advisors and 458 of their clients, the study sought to determine how effective financial advisors and clients are at estimating risk-tolerance, and to test how well items from a risk tolerance test and demographic information can represent the judgmental process used to formulate these estimates (a “paramorphic representation” of the decision). The client’s self ...
متن کاملFinancial Advice: An Improvement for Worse?
Using data from a large German commercial bank, this paper focuses on three key issues in order to analyze the extent of financial advice in individual portfolios. First, we investigate whether collaboration with financial advisors attains to better performing portfolios. Second, we examine the effects of financial advisors on household investment mistakes. Third, we analyze whether accounts ru...
متن کاملLearning to Use and Assess Advice about Risk
People often learn about the levels of risk associated with different activities through advice, and their use and assessment of such advice may depend on factors such as the identity of the advisor, and the perceived quality of that advice. EARLE and CVETKOVICH (1999) demon strated that explicit verbal estimates of trust in advisors correlate with perceived shared values between advisor and a...
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