Curriculum·Orientation·O100
Placement and Priming
Knowing with Certainty, published 1977. Baruch Fischhoff, Paul Slovic and Sarah Lichtenstein asked subjects hundreds of general knowledge questions and, for each answer, asked how confident they were in odds terms.
Start with lesson 15 lessons · about 2.6 hours · 1 lab · open to read
Lesson 1 opens on
Replicating Anomalies, published 2020
Kewei Hou, Chen Xue and Lu Zhang assembled 452 published asset pricing anomalies and attempted to replicate each one under a single consistent method, using NYSE breakpoints and value-weighted returns so results were not driven by the smallest and least tradeable stocks.96. In the trading frictions category the failure rate was 96 percent.
The lessons
- O100-01DiagnosticDistinguish what you know from what you have heard repeatedabout 28 min · opens on Replicating Anomalies, published 2020
- O100-02Intent mappingState what you are actually here for, in one sentence, without using the word moneyabout 29 min · opens on Day Trading for a Living, published 2020
- O100-03Risk capacityCompute a maximum sensible exposure from your own circumstances rather than from a percentageabout 40 min · opens on The ESMA product intervention findings, 2018
- O100-04Calibration baselineAnswer twenty questions with a confidence percentage attached to eachabout 30 min · opens on Expert Political Judgment, published 2005
- O100-05The honest briefState the four base rates this curriculum is built on top ofabout 30 min · opens on Trading Is Hazardous to Your Wealth, published 2000
Labs
O100-L
20 questions each answered with a confidence percentage, producing the curve that is re-measured at every subsequent gate.