The Psychology of Expertise: Cognitive Research and Empirical AI

By Robert R. Hoffman | Go to book overview
log of the odds of the P/E ratio probabilities (see Ceci & Liker, 1986a for details). A standard stochastic error term was included. The basic model assumes that vectors combine additively and ß coefficients represent the relative importance of each each in predicting P/E ratios. Of course, the computer program that generated the P/E ratios was nonadditive, because the purpose of the study was to determine whether experts who deploy this same nonadditive algorithm in another context (racing) would rediscover its relevance in a novel context.
3.
Beta was derived from a least squares regression between the percent change in the long-term market average and the percent change in the short-term price of that stock, adjusted for the tendency to regress to the mean.

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