Yesterday I was a dog..today I'm a dog...Tomorrow I'll probably Still be a dog...There's so little hope for advancement!
We search through historical data looking for anomalous patterns that we would not expect to occur at random. Our scheme is to analyze data and markets to test for statistical significance and consistency over time. Once we find one, we test it for statistical significance and consistency over time. After we determine its validity, weask, ‘Does this correspond to some aspect of behavior that seems reasonable?’
Bidders in an auction are like players in a game—the rules shape their strategies.