Communications of the ACM
Artist Tests Superstition on the Stock Market With Robot Analyst
Credit: Wikipedia
An automated program has been created to buy and sell stocks based on superstition rather than logic.
Shing Tat Chung, a graduate of the Royal College of Art, partnered with Jim Hunt, a computer programmer with a British trading group. The two decided on the types of superstitious events that might impact trading activity, such as Friday the 13th, full moons, and new moons.
Hunt coded those along with other standard stock-trading procedures into an open source investment program. Chung and Hunt call the computer controlled investment fund buyer/seller program SID, short for the Superstitious Robot.
They also searched the Internet to find investors and Chung consulted with a fortune teller to find a "good" day to launch his fund. The fund is down about 5 percent since its official start date of June 1. However, Hunt designed the algorithm to learn as it goes, potentially enabling SID to get smarter at recognizing good and bad days and generate profits for the Superstitious Fund Project's 144 investors.
From PhysOrg.com
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