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People Making Predictions - Book Report/Review Example

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In my opinion, these examples paint a misleading picture, but an unfair one definitely not. All the necessary information, past and present, was out in the open for everyone to evaluate…
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People Making Predictions
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People Making Predictions

Download file to see previous pages... Boone Pickens made investing in oil seem like a solid deal, or that Jim Cramer made buying Wachovia seem the right thing to do, by neglecting to mention the real state of affairs. They might have painted a misleading picture through emphasizing how well the company is currently doing, and neglecting to mention other factors that might point otherwise. In conclusion, they were making a sale by making their product seem appealing, while anyone who was interested in knowing the real picture just had to put all the facts together and make a reasonable conclusion. 2. That perceptual errors exist is most frequently regarded as a fundamental fact about perception and indirectly, decision-making. Perception presupposes a particular understanding of the object of perception, and if this understanding lacks ground in reason, the outcome could very possibly be wide of the mark. Provided that all these people whose job it is to evaluate the market and make good, solid predictions about it, had all the necessary information about its fluctuation, one can only conclude that they made the wrong call and their decision making was blurred by the current success of the company/name in question. Or, as was the case of Bijan Moazami, they do make predictions that closely resemble the real deal. ...Download file to see next pagesRead More
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