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by bumby 2606 days ago
Then I'd say the probabilistic nature of the model was not represented correctly by the seller.

Saying the algorithm makes 95% winning trades may not mean much if those remaining 5% of trades cause you to lose most of your value.

1 comments

Protip, do not try this argument in Vegas.
Good point, but at least the probabilities of casino games are generally known and available AFAIK. People just tend to not care or have a confidence bias.