Re: "Guess 2/3 of the average" game results [conducted among CC-related people]
So dektox what was the results???
I really like this theory with such mind games and think that they are used in all markets that are manipulated by some people, which one can call whales or by other names.
And they are acting due to the analysis of what the crowd does, by issuing the fake or even real news in the definite order.
What do you think?
Your parallels of how this is acting in the crypto market with their well known and widely-spread "next Fibonacci level" is very close to the truth, IMO.
Do you think that the safe choice in this situation is not to react to the fud and news but as they are spread in order to make the impact on the trader choice in the appropriate time?
As my friend advised me: Just by some coins/tokens and wait when they will be in the top of the biggest movers list and then sell and vice versa.
I really like this theory with such mind games and think that they are used in all markets that are manipulated by some people, which one can call whales or by other names.
And they are acting due to the analysis of what the crowd does, by issuing the fake or even real news in the definite order.
What do you think?
Your parallels of how this is acting in the crypto market with their well known and widely-spread "next Fibonacci level" is very close to the truth, IMO.
Do you think that the safe choice in this situation is not to react to the fud and news but as they are spread in order to make the impact on the trader choice in the appropriate time?
As my friend advised me: Just by some coins/tokens and wait when they will be in the top of the biggest movers list and then sell and vice versa.
Hi Nadia, the results are in the original post. It was updated. Briefly, most of the cryptocurrency traders (that took part in the survey) are the 1st level depth of reasoning and the winners are the 2nd level depth of reasoning, unlike the audience of Financial Times readers from Thaler’s experiment (they are 2nd and 3rd levels correspondingly).
As for your questions, despite the experiment was interesting, there is no evidence that certain behaviour (in regards to the level of reasoning) can lead to higher profits. Please find below the distribution of profits by guessed numbers:
