Finance
Mathematical models of stock market behaviour are also unreliable in predicting future behaviour. Consequently, stock investors may anticipate or predict a stock market boom, or fail to anticipate or predict a stock market crash.
Some correlation has been seen between actual stock market movements and prediction data from large groups in surveys and prediction games.
An actuary uses actuarial science to assess and predict future business risk, such that the risk(s) can be mitigated. For example, in insurance an actuary would use a life table to predict (truly, estimate or compute) life expectancy.
Read more about this topic: Prediction
Famous quotes containing the word finance:
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (1870–1924)