kaal:claim:3808852-005

The centralization of scientific methods and output has produced suboptimal outcomes for society, as evidenced by widespread irreproducibility, by non-expert forecasters often outperforming experts, and by random stock selection outperforming expert selection.

Non-expert forecasters are often better than expert forecasters.2 Random selection of stocks can produce superior results in comparison with expert selection.3

Wulf A. Kaal, Decentralization and Feedback Effects (2021), II. Decentralization of Science, p. 5
https://ssrn.com/abstract=3808852 · source PDF

Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

empiricalsupport: evidencedfailure: expert opinion underperformancefamily: research-design-limitationdecentralization

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